An Estimated First-Order Autoregressive Model for Stock Sales Is $\tilde { y } _ { t } = 1,000 + 1.3 y _ { t - 1 }$

question 169

Essay

An estimated first-order autoregressive model for stock sales is: $\tilde { y } _ { t } = 1,000 + 1.3 y _ { t - 1 }$ .If sales in 2011 were 12,000,the forecast of sales for 2012 is ____________________.

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Definitions:

Multicellular Gametangia

Specialized organs found in multicellular plants and algae that produce gametes (reproductive cells).

Green Algae

A large and diverse group of photosynthetic, often aquatic plant-like organisms, important in the ecological balance of many freshwater and marine environments.

Charophytes

Group of green algae closely related to land plants.

Molecular Data

Information obtained at the molecular level, such as DNA sequences, that is used in various fields including genetics and systematics.