Question: Refer to Problem 16.24. Suppose, when testing for the appropriateness of the fitted model, the standard errors are Sa1 = 0.45 Sa2 = 0.35 Sa3

Refer to Problem 16.24. Suppose, when testing for the appropriateness of the fitted model, the standard errors are
Sa1 = 0.45 Sa2 = 0.35 Sa3 = 0.15
a. What conclusions can you reach?
b. Discuss how to proceed if forecasting is still your main objective.

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a t Stat a 3 Sa 3 024 015 is less than the critical bound of 22281 ... View full answer

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