Question: Construct several multistep forecasts with a 95% confidence band. Discuss your results. Then pick either MSA 1 or MSA2 and download house prices of another

Construct several multistep forecasts with a 95% confidence band. Discuss your results. Then pick either MSA 1 or MSA2 and download house prices of another very distant MSA, say MSA3. For instance, if you have an MSA in the west coast, choose an additional MSA in the east coast. Calculate the growth rates, and, as before, split the sample into two segments, estimation and prediction.

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We construct multistepahead forecasts with 95 confidence intervals for both San Francisco and San Jose house markets which are reported in Tables 7a a... View full answer

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