Question: This question refers to Problem 21. a. Fit the random model given by Equation 3.4 to the data in Table P-21 by estimating with the
This question refers to Problem 21.
a. Fit the random model given by Equation 3.4 to the data in Table P-21 by estimating with the sample mean Y so Y, Y. Compute the residuals
e, Y,-, Y-Y.
b. Using Minitab or a similar program, compute the autocorrelations of the residuals for the first 10 time lags. Is the random model adequate for the sales data? Explain.
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