TABLE 16-9 Given Below Are EXCEL Outputs for Various Estimated Autoregressive Models

question 155

Multiple Choice

TABLE 16-9
Given below are EXCEL outputs for various estimated autoregressive models for a company's real operating revenues (in billions of dollars) from 1989 to 2012.From the data,you also know that the real operating revenues for 2010,2011,and 2012 are 11.7909,11.7757 and 11.5537,respectively.
First-Order Autoregressive Model: Second-Order Autoregressive Model: Third-Order Autoregressive Model:
-Referring to Table 16-9 and using a 5% level of significance,what is the appropriate autoregressive model for the company's real operating revenue?

• A)First-Order Autoregressive Model
• B)Second-Order Autoregressive Model
• C)Third-Order Autoregressive Model
• D)Any of the above.

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