Question: A AR(1) model has been estimated for apple prices ($s per Ib) using annual data: predicted pt=2.55+0.80pt1 If this year's apple price is $10 then
A AR(1) model has been estimated for apple prices (\$s per Ib) using annual data: predicted pt=2.55+0.80pt1 If this year's apple price is $10 then what would this model predict for apple prices next year? need more information $10.00 $2.55 $10.55
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