Refer to the data given in Problem 16.16 on page 682 (and stored in SolarPower) that represent
Question:
a. Fit a third-order autoregressive model to the amount of solar power installed and test for the significance of the third-order autoregressive parameter. (Use α = 0.05.)
b. If necessary, fit a second-order autoregressive model to the amount of solar power installed and test for the significance of the second-order autoregressive parameter. (Use α = 0.05.)
c. If necessary, fit a first-order autoregressive model to the amount of solar power installed and test for the significance of the first-order autoregressive parameter. (Use α = 0.05.)
d. Forecast the yearly amount of solar power installed (in megawatts) in the United States in 2009 and 2010.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Basic Business Statistics Concepts And Applications
ISBN: 9780132168380
12th Edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
Question Posted: