TABLE 16-11
Business Closures in Laramie, Wyoming from 1989 to 1994

question 155

Short Answer

TABLE 16-11
Business closures in Laramie, Wyoming from 1989 to 1994 were:
$$\begin{array} { l l } 1993 & 10 \\1994 & 11 \\1995 & 13 \\1996 & 19 \\1997 & 24 \\1998 & 35\end{array}$$ Microsoft Excel was used to fit both first-order and second-order autoregressive models, resulting in the following partial outputs:
$$\begin{array}{l}\text { SUMMARY OUTPUT - 2nd Order Model }\\\begin{array} { l l } & \text { Coefficients } \\\text { Intercept } & - 5.77 \\\text { XVariable 1 } & 0.80 \\\text { XVariable 2 } & 1.14 \\& \\\text { SUMMARY OUTPUT - 1st Order Model } \\& \\& \text { Coefficients } \\\text { Intercept } & - 4.16 \\\text { XVariable 1 } & 1.59 \\\hline\end{array}\end{array}$$
-Referring to Table 16-11, the residuals for the first-order autoregressive model are_____ ,____ _____,____ , and____ .

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Definitions:

Trend Analysis

Trend Analysis is a statistical technique used to identify patterns or trends in data over time to predict future movements.

William Stern

A psychologist known for his work in intelligence and the development of the intelligence quotient (IQ) formula.

Intelligence Quotient

A measure of a person's intelligence as indicated by an intelligence test, expressed as a ratio of the individual's mental age to their chronological age then multiplied by 100.

Charles Spearman

A psychologist known for his work in statistics and intelligence, including the concept of general intelligence, or "g factor."