Using the data, respond to the following items. (The data is sourced from https://www.census.gov/retail/index.html#mrts, find Monthly Retail
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Using the data, respond to the following items. (The data is sourced from https://www.census.gov/retail/index.html#mrts, find “Monthly Retail Trade Report,” and select “Time Series/Trend Charts” to find the data for many retail sectors of the economy.)
a. Plot the residuals associated with the trend model for these data.
b. T est for autocorrelation using the .05 significance level.
c. R eport and interpret your result.
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Related Book For
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen
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