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

question 74

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, the best model based on the residual plots is the linear-trend model.

---

Definitions:

Von Restorff Effect

A principle from cognitive psychology which posits that an item that stands out from its peers is more likely to be remembered.

Savings Method

A technique in memory research where retention is measured by the amount of time saved when learning material for the second time.

Semantic

Pertaining to meaning in language or logic, especially the meanings of words and phrases.

Episodic

Pertaining to or occurring in episodes; often used in the context of memory, referring to the ability to recall specific experiences and events.