Instruction 14-16
Given Below Are Microsoft Excel Outputs for Various

question 137

Multiple Choice

Instruction 14-16
Given below are Microsoft Excel outputs for various estimated autoregressive (AR) models for a company’s real operating revenues (in billions of dollars) from 1985 to 2008. From the data, you also know that the real operating revenues for 2006, 2007 and 2008 are 11.7909, 11.7757 and 11.5537, respectively.
AR (1) Model:
$\begin{array}{|l|l|l|l|l|}\hline & \text { Coefficients } & \text { Standard Error } & \text { t Stat } & p \text {-value } \\\hline \text { Intercept } & 0.1802 & 0.3980 & 0.4528 & 0.6553 \\\hline \text { XLag1 } & 1.0112 & 0.0497 & 20.3526 & 0.0000 \\\hline\end{array}$

AR (2) Model:
$\begin{array}{|l|l|l|l|l|}\hline & \text { Coefficients } & \text { Standard Error } & \text { t Stat } & p \text {-value } \\\hline \text { Intercept } & 0.3005 & 0.4408 & 0.6817 & 0.5036 \\\hline \text { X Lag 1 } & 1.1732 & 0.2347 & 4.9980 & 0.0001 \\\hline \text { X Lag 2 } & -0.1830 & 0.2507 & -0.7300 & 0.4743 \\\hline\end{array}$

AR (3) Model:
$\begin{array}{|l|l|l|l|l|}\hline & \text { Coefficients } & \text { Standard Error } & \text { t Stat } & p \text {-value } \\\hline \text { Intercept } & 0.3130 & 0.5144 & 0.6085 & 0.5509 \\\hline \text { XLag1 } & 1.1737 & 0.2465 & 4.7617 & 0.0002 \\\hline \text { XLag2 } & -0.0694 & 0.3731 & -0.1860 & 0.8547 \\\hline \text { XLag3 } & -0.1221 & 0.2820 & -0.4330 & 0.6704 \\\hline\end{array}$

-Referring to Instruction 14-16,if you decide to use AR(3) ,what will the predicted real operating revenue for the company be in 2011?

• A) $11.84 billion
• B) $11.59 billion
• C) $12.47 billion
• D) $11.68 billion

Acknowledge the influence of a child’s immediate environment on their academic performance.

Understand the intergenerational transmission of abusive behaviors.

Recognize the role of risk factors in child development and the concept of familism.

Grasp the benefits of high-quality child-care programs on children from low socioeconomic backgrounds.

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Definitions:

Long Bones

Bones that are longer than they are wide, primarily found in the arms and legs, playing key roles in movement and support.

Metatarsal

Metatarsals are the long bones in the foot that connect the ankle to the toes and play a crucial role in walking, providing support and balance.

Fibula

A long, slender bone located on the lateral side of the tibia, in the lower leg.

Trabeculae

The network of irregularly shaped plates in spongy bone tissue, providing structural support and helping to reduce the weight of the bone.