You are told that the number of sales per month for a store follows an AR(1) process

Question:

You are told that the number of sales per month for a store follows an AR(1)

process of the form

where et is normally distributed with zero mean and constant variance. Say x₃₀= 1,000, x₃₁= 1,125, and x₃₂ = 1,227. Forecast sales for the following time periods:

(a) x₃₃, x₃₄, and x₃₅ at t = 31

(b) x₃₄ and x₃₅ at t = 30

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Mar 03, 2024 07:02 AM

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You are told that the number of sales per month for a store follows an AR(1) process

Question:

x = 125 +.6x-1 +

Step by Step Answer:

Statistics For Business And Financial Economics

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