Using the data in the file Macro2010, develop and autoregressive model for the prime interest rate. First,

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Using the data in the file Macro2010, develop and autoregressive model for the prime interest rate. First, use the data for the period 1980, first quarter, through 2000, fourth quarter, to forecast for the quarters in years 2001-2003. Then use the data from 1980, first quarter, through 2007, fourth quarter, to forecast the quarters in the years 2008 and 2009. Discuss the differences in the accuracy of the forecasts compared to the actual results and indicate reasons for these differences.
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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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