Update the time series on per capita income growth (California, 1969-2002 in Figure 7.7). Plot the time

Question:

Update the time series on per capita income growth (California, 1969-2002 in Figure 7.7). Plot the time series. Compute the autocorrelation and partial auto¬correlation functions. Which time series model(s) would you entertain? Estimate the model and construct the h -step-, 2-step-, and 3-step-ahead forecasts, their forecast errors, and the uncertainty associated with the forecasts.