The following table lists a portion of the University of Michigans Consumer Sentiment index. This index is
Question:
The following table lists a portion of the University of Michigan’s Consumer Sentiment index. This index is normalized to have a value of 100 in 1966 and is used to record changes in consumer morale.
a. Estimate and interpret the linear trend model with seasonal dummy variables.
b. Use the estimated model to make a consumer sentiment index forecast for December 2018.
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a The estimated trend model is yt 669930 14226d 1 17334...View the full answer
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