Question: Assume that sales in Exercise 17.22 has a distributed-lag effect on expenditure on plant and equipment. Fit a suitable Almon lag model to the data.

Assume that sales in Exercise 17.22 has a distributed-lag effect on expenditure on plant and equipment. Fit a suitable Almon lag model to the data.

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One illustrative model fitted here is a second degree polynomial model with 4 lags Using ... View full answer

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