Question: ( a ) Explain the four steps of Box - Jenkin s methods of forecasting ( 2 5 ) ( b ) Using Box -

(a) Explain the four steps of Box-Jenkins methods of forecasting (25)
(b) Using Box-Jenkins four-step method, forecast the US quarterly GDP for the second quarter of 2015(Using GDP data posted under week 8)(25)(Note: Show all your work when you conduct a forecast for GDP. Show the details of each step.)

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