We obtain monthly data on retail sales of supermarket and grocery stores in Victoria measured in...

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We obtain monthly data on retail sales of supermarket and grocery stores in Victoria measured in millions of Australian dollars from January 2010 to January 2021 and the data are plotted in the following figure. 3000 2500 Supermarket and grocery sales (mil) 2000 InverterVertenterter 1500 2010 2012 2014 2016 2018 2020 Comment on the time series features of retail sales of supermarket and grocery stores data shown in the above figure. b) Consider the following time series model. What do you infer about the nature of the time series Y? YPY-1+ut where p = -0.25 (2 Marks) c) The following model of household credit (CRED) on a time trend (trend) and real wages (W) is estimated for the state of New South Wales (NSW) using quarterly data for 2000Q1 to 2018Q4, log(CRED,) = 3.634 + 0.05trend + 0.0598W, + 0.0494W-1 i) Interpret the coefficient attached to the time trend. We obtain monthly data on retail sales of supermarket and grocery stores in Victoria measured in millions of Australian dollars from January 2010 to January 2021 and the data are plotted in the following figure. 3000 2500 Supermarket and grocery sales (mil) 2000 InverterVertenterter 1500 2010 2012 2014 2016 2018 2020 Comment on the time series features of retail sales of supermarket and grocery stores data shown in the above figure. b) Consider the following time series model. What do you infer about the nature of the time series Y? YPY-1+ut where p = -0.25 (2 Marks) c) The following model of household credit (CRED) on a time trend (trend) and real wages (W) is estimated for the state of New South Wales (NSW) using quarterly data for 2000Q1 to 2018Q4, log(CRED,) = 3.634 + 0.05trend + 0.0598W, + 0.0494W-1 i) Interpret the coefficient attached to the time trend.

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Analysis of Supermarket and Grocery Sales Data a Time Series Features Based on the provided informat... View the full answer