You are told that the number of sales per month for a store follows an AR(2) process
Question:
You are told that the number of sales per month for a store follows an AR(2)
process of the form
where et has a mean of zero and E[etet’] = 0 when t ≠ t’. The values for the last three periods are x101 = 823, x102 = 927, and x103 = 992. Forecast sales for the next three periods t = 104, 105, and 106.
Transcribed Image Text:
x = 15 +.6x-1 - 2x-2 + e
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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