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

question 134

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 and using a 5% level of significance,what is the appropriate AR model for the company's real operating revenue?

• A) AR(1)
• B) AR(2)
• C) AR(3)
• D) Any of the above

Understand the effects of overcrowding in prisons, including its causes and consequences.

Recognize the use of authority and control in correctional institutions, including typologies of prison officer authority and attitudes.

Discern how activism and social changes have impacted prison dynamics and inmate experiences.

Understand the concepts and effects of social control within correctional institutions.

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Personal beliefs or views held by individuals, which may vary greatly and are subjective in nature.

Time-limited

An attribute or condition that has a restricted duration, not lasting or intended to last indefinitely.

Mandate

Describes an official order or commission to do something, often with the authority to carry out specific policies or procedures.