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

question 126

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 the p-value for the t test statistic for testing the significance of the quadratic term in the quadratic-trend model?

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Definitions:

Merton's Strain Theory

A sociological theory that explains deviance in terms of the pressure individuals feel to achieve socially accepted goals by legitimate means.

Deviance

Actions or behaviors that violate societal norms or regulations, which can result in disapproval from the majority of society.

Consensus Crimes

These are offenses that are widely regarded by society as being morally unacceptable or reprehensible, such as murder or theft.

Homicide

The act of one human being killing another, either lawfully (such as self-defense) or unlawfully (murder or manslaughter).