A Second-Order Autoregressive Model for Average Mortgage Rate Is: Rate_i

question 144

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 2014 is .

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Definitions:

Alcoholism

A severe form of alcohol abuse characterized by the inability to manage drinking habits, often leading to health problems and negatively affecting relationships and employment.

Neural-Signal Transmission

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Moderate Drinking

The consumption of alcohol in a manner that is considered to be within the recommended health guidelines, not leading to alcohol abuse or dependence.

Nicotine Metabolize

The process by which the body breaks down nicotine, primarily in the liver, converting it into cotinine and other metabolites that are eventually excreted.