Average annual interest rates (banks prime lending) in the United States from 1966 through 2009 are shown
Question:
a) What components do you see in this series? Heres an autoregressive model with a 13-week lag fit to these data.
b) Does this model show that there is a (possibly unsuspected) 13-week seasonal cycle in interest rates? Explain.
c) Would you use this model to predict future gas prices? Explain.
Transcribed Image Text:
1970 1990 Year Dependent variable s: Rate 44 total cases of which 13 are missing R squa red 17.2% R squared (adjusted)# 14.4% s 3.164 with 31-2 29 degrees of freedom rable Coefficient SE(Coeff) t-ratio P-value 1.755 Intercept 12.8110 7.30 <0.0001 Lag3 0.451563 0.138 2.4 0.0203 16 12 E 8 10 20 30 40 Weeks
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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