The U.S. Department of Agriculture publishes data on the production, utilization, and value of fruits in the United States. Shown here are the amounts of non-citrus fruit processed into juice (in kilotons) for a 25-year period. Use these data to develop an auto-regression forecasting model with a two-period lag. Discuss the results of thisanalysis.
Answer to relevant QuestionsSuppose the following data represent the price of 20 reams of office paper over a 60-year time frame. Find the simple index numbers for the data. a. Let 1950 be the base year.b. Let 1980 be the baseyear.Calculate Paasche price indexes for 2012 and 2013 using the following data and 2005 as the baseyear.Use the seasonal indexes computed to de-seasonalize the data in Problem15.32.Use both a linear and quadratic model to explore trends in the de-seasonalized data from Problem 15.40. Which model seems to produce a better fit of the data?Industrial Machinery andTime Period ........ Equipment ...Use the chi-square goodness-of-fit to test to determine if the following observed data are normally distributed. Let α = .05.What are your estimated mean and standard deviation?Category .... Observed10–under 20 ... ...
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