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

question 137

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 conclude that the third-order autoregressive model is appropriate at the 5% level of significance.

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Definitions:

Positive Reinforcement

The addition of a rewarding stimulus following a desired behavior, making it more likely that the behavior will occur again.

Contingency

Describes a future event or circumstance that is possible but cannot be predicted with certainty.

Operant Conditioning

A learning process in which the strength of a behavior is modified by its consequences, such as reward or punishment.

Extinction

Within the field of psychology, a conditioned response gradually fades and ultimately vanishes.