An Estimated Second-Order Autoregressive Model for Average Mortgage Rate Is

question 90

Short Answer

An estimated second-order autoregressive model for average mortgage rate is: .If the average mortgage rate in 2003 was 7.0,and in 2002 was 6.5,the forecast for 2004 is ____________________,and for 2005 is ____________________.

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Definitions:

Excitable

Easily stirred or capable of being stimulated or excited quickly.

Productive

The state of being able to produce goods, services, ideas or results, often associated with efficiency and effectiveness.

Mania

An extreme or excessive enthusiasm or excitement, often a symptom of bipolar disorder characterized by elevated moods, energy, and activity.

Schizophrenic Disorders

A category of severe mental disorders characterized by disorganized and delusional thinking, inappropriate emotions, and auditory hallucinations.