The table shows annual time-series data for New Zealand exports taken from the World Bank’s World Development Indicators. Use these data to develop an autoregressive forecasting model with a two-year lag. Predict exports in year 24.

Year .................................. Real GDP
1 .......................................... 72.100
2 .......................................... 74.445
3 .......................................... 77.660
4 .......................................... 79.787

5 .......................................... 83.723
6 .......................................... 84.368
7 .......................................... 86.135
8 .......................................... 86.492
9 .......................................... 86.376
10 ........................................ 86.862
11 ........................................ 86.847
12 ........................................ 85.701
13 ........................................ 86.646
14 ........................................ 92.233
15 ........................................ 97.114
16 ...................................... 101.129
17 ...................................... 104.697
18 ...................................... 106.248
19 ...................................... 106.673
20 ...................................... 111.866
21 ...................................... 114.842
22 ...................................... 118.605
23 ...................................... 123.832