Using the data for Problem 16.12 on page 645 concerning the number of stores open for Bed
Question:
a. Fit a third-order autoregressive model to the number of stores 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 number of stores 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 number of stores and test for the significance of the first-order autoregressive parameter. (Use a = 0.05.)
d. If appropriate, forecast the number of stores open in 2014 and 2015?
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Related Book For
Basic Business Statistics
ISBN: 9780321870025
13th Edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
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