Question: Current Construction Reports from the U.S. Census Bureau contain data on new privately owned housing units. Data on new privately owned housing units (1000s) built

Current Construction Reports from the U.S. Census Bureau contain data on new privately owned housing units. Data on new privately owned housing units (1000s) built in the West between 1980 and 2010 follow. Use these time-series data to develop an auto-regression model with a one-period lag. Now try an auto-regression model with a two-period lag. Discuss the results and compare the twomodels.

Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 Housing Starts (1000) 318.9 251.3 224.1 390.4 457.3 483.9 509.7 406.0 415.6 402.1 324.9 247.9 268.6 288.2 342.4 328.5 Year 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Housing Starts (1000) 347.4 363.5 401.2 404.3 401.5 413.0 430.9 486.5 541.9 558.6 455.2 343.9 196.7 116.7 128.3

Step by Step Solution

★★★★★

3.43 Rating (172 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Starts lag1 lag2 3189 2513 3189 2241 2513 3189 3904 2241 2513 4573 3904 2241 483... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

409-M-S-L-R (1288).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

The U.S. Census Bureau publishes data on housing units in American Housing Survey for the United States. The following table provides a frequency distribution for the number of rooms in U.S. housing...

The U.S. Census Bureau publishes information about housing units in American Housing Survey for the United States. The following table cross-classifies occupied housing units by number of persons and...

24 Develop a multiple regression model of the form using the following data to predict y from x. From a scatter plot and Tukey's ladder of transformation, explore ways to recode the data and develop...

Please, answer to the questions and give summary: Housing Starts and Manufacturing Data Different components of the economy include housing and manufacturing. Monthly data for the number of new...

Use the data above to answer the following question and show how you got to the answer 1. How accurate was the demand forecast for the first quarter of 2005? Use the forecast error and MAPE to...

What strategic issues confront Vail Resort in 2017? What market or internal circumstances should most concern CEO Rob Katz and his companys senior leadership team? WHISTLER BLACKCOMB AFTON ALPS...

please conduct a comprehensive analysis for the case and briefly explain those question; 1, How would you define Whole Foods industry? 2, How would you describe Whole Foods strategy? And how...

How would you describe Whole Foods strategy? I need a lot of info!! CASE Whole Foods Market: The Deutsche Bank Report The latest numbers coming out of Whole Foods Market, Inc. (Whole Foods) in May...

A sample of gas contains 0.2000 mol of CO(g) and 0.1000 mol of O,(g) and occupies a volume of 18.5 L. The following reaction takes place: 2C0g) + 0;(g)2CO,(g) Calculate the volume of the sample after...

John Chadbourne was hired by Raytheon on February 4, 1980. His job performance reviews were uniformly high. In December 1983, Chadbourne was hospitalized and diagnosed with AIDS. In January 1984, his...

How can the quality of a school system benefit even homeowners in a community who do not have school-age children?

Another name for job shadowing when collecting requirements is: a. observations b. prototypes c. questionnaires d. focus groups

Q-Market Toys plans to take a sample of retail outlets nationwide in order to estimate the average selling price of its chief competitors new kids eBook reader. You want to eventually construct an...

In the chapter, we discussed briefly the rationale for using n 1 in the calculation of s, a sample standard deviation intended to serve as an estimate of , the population standard deviation. We...

The years of prior work experience for five recently hired software developers at MindGames.com are shown below: a. Show all 10 equally likely samples of size two that could be selected from this...

Changes in the Cash Account (Please use the appropriate letter for each of the numbered items below. Use ; I for increase, D for decrease or N for no change). Please type the number and the...

Peter Piper has applied for a mortgage of $ 1 4 0 , 0 0 0 . Interest is computed at 7 . 5 percent compounded semiannually. The mortg vill be paid off over 2 0 years. ( For all requirements, use a...

Suppose your grandmother deposited $3800 into an account on your 3rd birthday. If the account earns 8% interest compounded quarterly, find the account balance on your 18th birthday. Round your answer...