Question: Analysis of a time series consisting of weekly visits in
Analysis of a time series consisting of weekly visits (in thousands) to a corporate website has led to the following autoregressive forecasting equation: ŷt = 34.50 + 0.58yt–1 – 0.72yt–2. If there were 260 thousand visitors this week and 245 thousand last week, how many visitors would the forecast predict for next week?
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