Using the data for Problem 16.17 on page 570 concerning the number of passenger cars produced in

Question:

Using the data for Problem 16.17 on page 570 concerning the number of passenger cars produced in the United States from 1999 to 2014 (stored in CarProduction ),

a. Fit a third-order autoregressive model to the number of passenger cars produced in the United States and test for the significance of the third-order autoregressive parameter. (Use α = 0.05.)

b. If necessary, fit a second-order autoregressive model to the number of passenger cars produced in the United States and test for the significance of the second-order autoregressive parameter. (Use α = 0.05.)

c. If necessary, fit a first-order autoregressive model to the number of passenger cars produced in the United States and test for the significance of the first-order autoregressive parameter. (Use α = 0.05.)

d. Forecast the U.S. car production for 2015.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics For Managers Using Microsoft Excel

ISBN: 9780134173054

8th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

Question Posted: