A Second-Order Autoregressive Model for Average Mortgage Rate Is

question 117

Short Answer

A second-order autoregressive model for average mortgage rate is:
Rate_i = -2.0 + 1.8 (Rate)_i-1 - 0.5 (Rate)_i-2.
If the average mortgage rate in 2012 was 7.0,and in 2011 was 6.4,the forecast for 2013 is ________.

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Definitions:

Branded House

A branding strategy where a company uses a single brand name across all its products and services, promoting a consistent identity.

Branded House

A branding strategy where a company uses one overarching brand across all its products and services, emphasizing the main brand's values over individual product identities.

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