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

question 114

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, what is your forecast for the 13ᵗʰ month using the linear-trend model?

---

Definitions:

Equity Model

A theory that focuses on determining whether the distribution of resources within interpersonal relationships is fair to both parties involved.

Inputs

Resources, information, or efforts that are put into a system or process to achieve outputs or outcomes.

Individual

Refers to a single, separate organism or entity, especially when considering human beings as distinct units with unique characteristics.

Equity Theory

A psychological theory suggesting that employees are motivated by fairness, and that perceived inequities can lead to dissatisfaction and changes in behavior.