You are told that the number of sales per month for a store follows an AR(2) process

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You are told that the number of sales per month for a store follows an AR(2)

process of the form

where et has a mean of zero and E[e_te_t’] = 0 when t ≠ t’. The values for the last three periods are x₁₀₁ = 823, x₁₀₂ = 927, and x₁₀₃ = 992. Forecast sales for the next three periods t = 104, 105, and 106.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Mar 03, 2024 07:02 AM

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You are told that the number of sales per month for a store follows an AR(2) process

Question:

x = 15 +.6x-1 - 2x-2 + e

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Statistics For Business And Financial Economics

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