First-order autoregressive forecasting equation

Reference no: EM13975048

1. The Producer Price Index for finished consumer goods from 1980 through 2007 is in file XR18084, with 1982 5 100 and 1980 coded as t 5 1. Construct a first- order autoregressive forecasting equation for these data, calculate the mean absolute deviation (MAD) for the fit of the forecast values to the actual values, then use the equa- tion to forecast the PPI for 2008.

Source: Bureau of the Census, Statistical Abstract of the United States 2009, p. 474.

2. The Consumer Price Index from 1961 through 2007 is in file XR18085, with 1982-1984 5 100 and 1961 coded as t 5 1. Construct a first-order autoregres- sive forecasting equation for these data, calculate the mean absolute deviation (MAD) for the fit of the fore- cast values to the actual values, then use the equation to forecast the CPI for 2008.

Source: The New York Times Almanac 2009, p. 338; and Bureau of the Census, Statistical Abstract of the United States 1999, p. 495.

Reference no: EM13975048

Questions Cloud

How organizations develop and manage strategies : In this assignment, students will 1) assess long-term objectives, 2) identify and evaluate alternative strategies and 3) recommend strategies for a company to pursue.

Adverse effects of using teratogens during pregnancy : What are the adverse effects of using teratogens during pregnancy? If a woman drinks or uses drugs during her pregnancy and it harms her growing fetus, do you think she should be held legally responsible for her actions? Why or why not

How leadership effectively communicates with diverse work : How Leadership effectively communicates with Diverse Work Groups in the Army. Discuss insights you gained from your study for your professional development.

Application of the shewhart-deming pdca cycle : How can designed experiments facilitate the application of the Shewhart-Deming PDCA cycle?

First-order autoregressive forecasting equation : The Consumer Price Index from 1961 through 2007 is in file XR18085, with 1982-1984 5 100 and 1961 coded as t 5 1. Construct a first-order autoregres- sive forecasting equation for these data, calculate the mean absolute deviation (MAD) for th..

How characteristics of oil make anadarkos capacity planning : Discuss how the characteristics of oil make Anadarko's capacity planning strategy possible. Why would a company like Apple not be able to plan its capacity in the same way?

What procedures you implement to prevent disease outbreak : What resources will you use to help provide food, water, and toilet facilities for victims? Who will you call and when will you call? What procedures will you implement to prevent disease outbreak? How will you care for the needs of the public healt..

Determine the seasonal indexes and break : Combining the quarterly bookings for each year, fit a linear trend equation and forecast the number of bookings for 2013. Determine the seasonal indexes and break the 2013 forecast in part (a) into its quarterly components.

Prices for regular unleaded gasoline : The U.S. Energy Information Administration reports the following prices for regular unleaded gasoline in Germany from 2003 through 2008. Source: U.S. Energy Information Administration, Annual Energy Review 2008, p. 321.

User Account

All Pages