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

question 151

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 the p-value of the t test statistic for testing the appropriateness of the third-order autoregressive model?

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Definitions:

Gender

The range of characteristics differentiating and categorizing males and females, and can reflect one's personal sense of identity based on societal norms.

Male

Refers to the sex that is biologically defined by the presence of XY chromosomes in humans and many other species.

Data Set

A collection of data points or values that have been gathered through observation or experimentation.

Study

An organized inquiry or investigation into a subject or problem in order to discover facts, establish theories, or reach new conclusions.