Using the data from Exercise 42, develop and compare the following models. In exercise a) Fit an
Question:
Using the data from Exercise 42, develop and compare the following models.
In exercise
a) Fit an appropriate autoregressive model by testing for the significance of each autoregressive term.
b) Obtain a forecast for the week of May 28, 2007.
c) Compare your forecast to the actual value (by computing APE).
d) Do you think this is an appropriate model for forecasting this time series?
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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