(A)Obtain an Autocorrelation Table for This Series

question 14

Essay

(A)Obtain an autocorrelation table for this series.
(B)Use the results of (A)to specify one or more "promising" autoregression models.Estimate each model with the available data.Which model provides the best fit to the given data?
(C)Use the best autoregression model from (B)to produce a forecast of the CCI in 2007.Also,provide a measure of the likely forecast error.
(D)Use the moving average method with a carefully chosen span to forecast this time series in 2007 and 2008.Explain your choice of the span.
(E)Between the best autoregression model and the best moving average model,which is best? Explain your answer.

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Definitions:

Outside Basis

Refers to a partner's or investor's tax basis in an individual partnership interest or investment, including the initial investment amount plus any additional contributions and adjusted by allocations of income or loss and distributions.

Inside Basis

The cost basis of an asset inside a partnership or other entity, reflecting its original cost plus adjustments.

Recognize Gain

To report the increase in value of an asset when it is sold or disposed of, for tax purposes.

Partnership Basis

The amount invested in a partnership by the partners, used to determine gain or loss upon withdrawal or dissolution of the partnership.