TABLE 16-11 $$\text { Businessclosures in Laramie, Wyomingfrom } 1989 \text { to } 1994 \text { were: }$$

Short Answer

TABLE 16-11
$$\text { Businessclosures in Laramie, Wyomingfrom } 1989 \text { to } 1994 \text { were: }$$ $$\begin{array} { l l } 1993 & 10 \\1994 & 11 \\1995 & 13 \\1996 & 19 \\1997 & 24 \\1998 & 35\end{array}$$ Microsoft Excel was used to fit both first-order and second-order autoregressive models, resulting in the following partial outputs:
$\text {SUMMARY OUTPUT- \(2 ^ { \text {nd } }\) Order Model}$

$\begin{array} { l c }&\text {Coefficients}\\ \text { Intercept } & - 5.77 \\ \text { XVariable 1 } & 0.80 \\ \text { XVariable 2 } & 1.14 \end{array}$ .

$\text {SUMMARY OUTPUT- \(1 ^ { \text {st } }\) Order Model}$

$\begin{array}{cr}&\text {Coefficients}\\ \text { Intercept } & -4.16 \\\text { X Variable } 1 & 1.59 \\\hline\end{array}$

-Referring to Table 16-14, what are the simple price indexes for electricity, natural gas and fuel oil, respectively, in 1994 using 1992 as the base year?