Solved

TABLE 16-10 Business Closures in Laramie,Wyoming from 2007 to 2012 Were

Question 35

True/False

TABLE 16-10
Business closures in Laramie,Wyoming from 2007 to 2012 were: TABLE 16-10 Business closures in Laramie,Wyoming from 2007 to 2012 were:   Microsoft Excel was used to fit both first-order and second-order autoregressive models,resulting in the following partial outputs: SUMMARY OUTPUT - 2nd Order Model Coefficients Intercept -5.77 X Variable 1 0.80 X Variable 2 1.14 SUMMARY OUTPUT - 1st Order Model Coefficients Intercept -4.16 X Variable 1 1.59 -True or False: Referring to Table 16-10,the values of the MAD for the two models indicate that the first-order model should be used for forecasting. Microsoft Excel was used to fit both first-order and second-order autoregressive models,resulting in the following partial outputs:
SUMMARY OUTPUT - 2nd Order Model
Coefficients
Intercept -5.77
X Variable 1 0.80
X Variable 2 1.14
SUMMARY OUTPUT - 1st Order Model
Coefficients
Intercept -4.16
X Variable 1 1.59
-True or False: Referring to Table 16-10,the values of the MAD for the two models indicate that the first-order model should be used for forecasting.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions