Question: Repeat Exercise 22.11 for the LCP. In exercise 22.11 Consider the data on log DPI (personal disposable income) introduced in Section 21.1 (see the books

Repeat Exercise 22.11 for the LCP.

In exercise 22.11

Consider the data on log DPI (personal disposable income) introduced in Section 21.1 (see the book’s website for the actual data). Suppose you want to fit a suitable ARIMA model to these data. Outline the steps involved in carrying out this task.

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