Using the average baseball salary from 2000 through 2013 data for Problem 16.18 on page 646 (stored
Question:
a. Fit a third-order autoregressive model to the average baseball salary and test for the significance of the third-order autoregressive parameter. (Use a = 0.05.)
b. If necessary, fit a second-order autoregressive model to the average baseball salary and test for the significance of the second-order autoregressive parameter. (Use a = 0.05.)
c. If necessary, fit a first-order autoregressive model to the average baseball salary and test for the significance of the first order autoregressive parameter. (Use a = 0.05.)
d. Forecast the average baseball salary for 2014?
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Related Book For
Basic Business Statistics
ISBN: 9780321870025
13th Edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
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