TABLE 16-13 Given Below Is the Monthly Time-Series Data for U.S. Retail

question 19

Short Answer

TABLE 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 first month is 0:




-Referring to Table 16-13, if a five-month moving average is used to smooth this series, what would be the last calculated value?

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Definitions:

Northern Soldiers

Refers to the soldiers from the Union states who fought in the American Civil War against the Confederate states of the South.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and forced to perform labor or services.

Emancipation

The act of freeing someone from slavery or oppression; often refers to the abolition of slavery in the United States.

Emancipation Proclamation

A historic executive order issued by President Abraham Lincoln in 1863, declaring the freedom of all enslaved people in Confederate states during the American Civil War.