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

question 33

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 second-order autoregressive model?

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, especially affecting liquidity.

Investing Activities

Transactions involving the purchase and sale of long-term assets and investments.

Accounts Payable

Money owed by a business to its suppliers shown as a liability on a company's balance sheet.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.