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

question 150

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,if one decides to use the Third-Order Autoregressive model,what will the predicted real operating revenue for the company be in 2014?

• A)$11.55 billion
• B)$11.62 billion
• C)$12.47 billion
• D)$12.57 billion

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Definitions:

Tympanic Membrane

A thin, cone-shaped membrane that separates the external ear from the middle ear and vibrates in response to sound waves.

Oval Window

A membrane-covered opening that leads from the middle ear to the inner ear, playing a key role in the process of hearing.

Hair Cells

Sensory cells located in the inner ear that translate sound vibrations into neural signals.

Place Theory

A theory in hearing that suggests that our perception of sound depends on where each component frequency produces vibrations along the basilar membrane of the inner ear.