Using the data from Exercise 42, develop and compare the following models. In exercise a) Fit an

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Using the data from Exercise 42, develop and compare the following models.

In exercise

Using the data from Exercise 42, develop and compare the

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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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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