The Consumer Confidence Index (CCI) attempts to measure peoples feelings about general business conditions, employment opportunities, and
Question:
a. Find the first six autocorrelations of this time series.
b. Use the results of part a to specify one or more promising auto regression models. Estimate each model with the available data. Which model provides the best fit to the data?
c. Use the best auto regression model from part b to produce a forecast of the CCI in the next year. Also, provide a measure of the likely forecast error.
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Related Book For 
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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