Question: See Lecture 1 notes ( on page 3 8 ) , for a new car model with city mpg = 3 0 , the forecasted

See Lecture 1 notes (on page 38), for a new car model with city mpg =30, the forecasted carbon footprint is =5.9 tons of CO2/year. Compute the corresponding forecasting intervals using the formula given on page 38. Outline Introduction Examples of Time Series Example of Financial Time Series Objective of Time Series Analysis Basic statistics review Simple linear regression Forecasting Za/25 V Forecasts from a simple regression model for a specific "new" x: =8o + Bix. . The prediction interval for this forecast is (x - x)2+z/2Se/1+1/n+/(n-1). The estimated regression line for the car example is =12.53-0.22x.. For a new car model with city mpg=30, the forecasted carbon footprint is g =5.9 tons of CO2/year. We can also compute the corresponding forecasting intervals. Xiaodong Lin Financial Time Series Analysis: Lecture one

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