Examlex
The following table shows the annual revenues (in millions of dollars) of a pharmaceutical company over the period 1990-2011. The autoregressive models of order 1 and 2, yt = β0 + β1yt - 1 + εt, and yt = β0 + β1yt - 1 + β2yt - 2 + εt, were applied on the time series to make revenue forecasts. The relevant parts of Excel regression outputs are given below.
Model AR(1):
Model AR(2):
Compare Excel outputs for AR(1) and AR(2) and choose the forecasting model that seems to be better.
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Refers to the status and rights of an individual within a state, including civil, political, and social rights essential for full participation in society.
Political Citizenship
involves the rights and duties associated with being a member of a state or nation, including participation in its political processes.
Social Control
Mechanisms, strategies, or institutions employed by a society to regulate individual behavior and enforce conformity to societal norms and laws.
Civil Unrest
A broad term used to describe situations where groups of people come together to protest or act against established authority or policies, often leading to disorder.
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