SCENARIO 16-13 Given Below Is the Monthly Time Series Data for U.S.retail

question 168

Short Answer

SCENARIO 16-13
Given below is the monthly time series data for U.S.retail sales of building materials over a specific year.
The results of the linear trend,quadratic trend,exponential trend,first-order autoregressive,second-order autoregressive and third-order autoregressive model are presented below in which the coded month for the 1^st month is 0:
Linear trend model:

Quadratic trend model:
Third-order autoregressive::

Below is the residual plot of the various models:

-Referring to Scenario 16-13,what is your forecast for the 13^th month using the linear-trend model?

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Definitions:

Revocation

The official cancellation or withdrawal of an offer, agreement, or license, rendering it null and void.

Communicated

The act of conveying, transmitting, or exchanging information or ideas through various means.

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The conventional principles and laws applied in the formation, interpretation, and enforcement of contracts.

Internet Transactions

Commercial or financial transactions conducted electronically on the internet.