Question: 16.28 Using the data for Problem 16.12 on page 601 concerning the bonuses paid to workers on Wall Street from 2000 to 2018 (stored in

16.28 Using the data for Problem 16.12 on page 601 concerning the bonuses paid to workers on Wall Street from 2000 to 2018 (stored in Bonuses ),

a. fit a third-order autoregressive model to the bonuses paid and test for the significance of the third-order autoregressive parameter.

(Use a = 0.05.)

b. if necessary, fit a second-order autoregressive model to the bonuses paid and test for the significance of the second-order autoregressive parameter. (Use a = 0.05.)

c. if necessary, fit a first-order autoregressive model to the bonuses paid and test for the significance of the first-order autoregressive parameter. (Use a = 0.05.)

d. if appropriate, forecast the bonuses paid in 2019.

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