TABLE 16-13
Given below is the monthly time-series data for U.S. retail sales of building materials over a specific year.

The results of the linear trend, quadratic trend, exponential trend, first-order autoregressive, second-order autoregressive and third-order autoregressive model are presented below in which the coded month for the first month is 0:

-Referring to Table 16-13, the best autoregressive model using the 5% level of significance is
A) first-order.
B) second-order.
C) third-order.
D) None of the above.

Question

TABLE 16-13
Given below is the monthly time-series data for U.S. retail sales of building materials over a specific year.
  
The results of the linear trend, quadratic trend, exponential trend, first-order autoregressive, second-order autoregressive and third-order autoregressive model are presented below in which the coded month for the first month is 0:

-Referring to Table 16-13, the best autoregressive model using the 5% level of significance is
A) first-order. 
B) second-order. 
C) third-order. 
D) None of the above.

Quizplus · Accepted Answer

The Answer of TABLE 16-13
Given below is the monthly time-series data for U.S. retail sales of building materials over a specific year.
  
The results of the linear trend, quadratic trend, exponential trend, first-order autoregressive, second-order autoregressive and third-order autoregressive model are presented below in which the coded month for the first month is 0:

-Referring to Table 16-13, the best autoregressive model using the 5% level of significance is
A) first-order. 
B) second-order. 
C) third-order. 
D) None of the above.

TABLE 16-13 Given Below Is the Monthly Time-Series Data for U.S. Retail