Refer to the data given in Problem 16.18 on page 682 (stored in BBSalaries) that represent the average baseball salary from 2000 through 2010.
a. Fit a third-order autoregressive model to the average baseball salary 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 average baseball salary 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 average baseball salary and test for the significance of the first-order autoregressive parameter. (Use α = 0.05.)
d. Forecast the average baseball salary for 2011.