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

question 152

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 of the t test statistic for testing the appropriateness of the second-order autoregressive model?

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Definitions:

Mismatch Repair Enzymes

A system within cells that repairs mispaired nucleotides which may arise during DNA replication and recombination, as well as repairing some forms of DNA damage.

DNA Polymerase

A catalyst that constructs DNA strands using deoxyribonucleotides as the foundational components of DNA.

DNA Ligase

Enzyme that catalyzes the joining of the 5′ and 3′ ends of two DNA fragments; essential in DNA replication and used in recombinant DNA technology.

Excision Repair Enzymes

A class of enzymes involved in the repair of DNA by recognizing and removing damaged or mismatched nucleotides, followed by filling in the correct sequences.