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

question 167

True/False

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, you can reject the null hypothesis for testing the appropriateness of the third-order autoregressive model at the 5% level of significance.

---

Definitions:

Responsive

Being quick to react or respond positively or sympathetically to input, feedback, or stimuli.

Uninvolved Parent

A parenting style characterized by a lack of responsiveness to a child's needs, often leading to a lack of emotional involvement.

Permissive Parent

A parenting style characterized by low demands with high responsiveness, where parents are lenient and often only step in when there is a serious problem.

Authoritative Parent

A parenting style characterized by high responsiveness and high demands, focusing on setting clear rules and guidelines while also being supportive and nurturing towards the child.