Consider the data in the excel file consumer price indexa, Ask an Expert

Management Studies

Consider the data in the Excel file Consumer Price Index.

a. Use simple linear regression to forecast the data. What would be the forecasts for the next two months?

b. Are the data autocorrelated? Construct first- and second-order autoregressive models and compare the results to part (a).

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93096838

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