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(Solution) - Consider the following portion of data on the response variable

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Consider the following portion of data on the response variable y and the explanatory variable x.
t................. y............... x
1........... 27.96............ 29.88
2........... 30.15............ 21.07
?...................... ?....................... ?
12........... 24.47.......... 26.41
a. Estimate yt = ?0 + ?1xt?1 + ?t and yt = ?0 + ?1xt?1 + ?2xt?2 + ?t .
b. Use the appropriate model to make a one-stepahead forecast (t = 13) for y.

 







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This question was answered on: Jul 11, 2017

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