Using the yearly amount of solar power generated by utilities (in millions of kWh) in the United
Question:
Using the yearly amount of solar power generated by utilities (in millions of kWh) in the United States from 2002 through 2018 data for Problem 16.16 on page 572 (stored in Solar Power),
a. Fit a third-order autoregressive model to the amount of solar power installed and test for the significance of the third-order autoregressive parameter. (Use a = 0.05.)
b. If necessary, fit a second-order autoregressive model to the amount of solar power installed and test for the significance of the second-order autoregressive parameter. (Use a = 0.05.)
c. If necessary, fit a first-order autoregressive model to the amount of solar power installed and test for the significance of the first-order autoregressive parameter. (Use a = 0.05.)
d. Forecast the yearly amount of solar power generated by utilities (in millions of kWh) in the United States in 2019.
Problem 16.16
The data shown in the following table and stored in Solar Power represent the yearly a mount of solar power generated by utilities (in millions of kWh) in the United States from 2002 through 2018:
Step by Step Answer:
Statistics For Managers Using Microsoft Excel
ISBN: 9780135969854
9th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat