Using the data for Problem 16.17 on page 570 concerning the number of passenger cars produced in
Question:
Using the data for Problem 16.17 on page 570 concerning the number of passenger cars produced in the United States from 1999 to 2014 (stored in CarProduction ),
a. Fit a third-order autoregressive model to the number of passenger cars produced in the United States and test for the significance of the third-order autoregressive parameter. (Use α = 0.05.)
b. If necessary, fit a second-order autoregressive model to the number of passenger cars produced in the United States and test for the significance of the second-order autoregressive parameter. (Use α = 0.05.)
c. If necessary, fit a first-order autoregressive model to the number of passenger cars produced in the United States and test for the significance of the first-order autoregressive parameter. (Use α = 0.05.)
d. Forecast the U.S. car production for 2015.
Step by Step Answer:
Statistics For Managers Using Microsoft Excel
ISBN: 9780134173054
8th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat