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

question 137

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 third-order autoregressive model?

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Definitions:

Mediator

An impartial individual who assists in resolving disputes or conflicts between parties through communication and negotiation techniques.

Arbitrator

An autonomous individual or entity formally designated to resolve a conflict.

Consultant

A professional who provides expert advice in a particular area, such as business, education, law, or healthcare.

Third-party Negotiators

Refers to neutral individuals or entities that facilitate negotiations between two or more conflicting parties to reach an agreement.