Question: A second- order autoregressive model for the apple prices (for all 4 years of data) is Dependent variable is: Apples R squared = 78.1% R

A second- order autoregressive model for the apple prices (for all 4 years of data) is

Dependent variable is: Apples

R squared = 78.1% R squared (adjusted) = 71.9%

s = 0.0574 with 10 - 3 = 7 degrees of freedom

Using the values from the table, what is the predicted value for January 2007 (the value just past those given in the table)?

ariabTe Coefficient SE Coeff) tratio P-value Intercept 0.327717 0.1881 1.74 0.1250 Lagl (Apples 1.32814 0.31144.27 0.0037 Lag2 (Apples) -0.634127 0.29592.14 0.0693

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