Analysis of data for an autoregressive forecasting model produced the following tables: The actual values of this time series,y,were 228,54,and 191 for May,June,and July,respectively.The forecast value predicted by the model for July is ___.
A)36.91
B)83.67
C)218.71
D)174.41
E)191

Question

Analysis of data for an autoregressive forecasting model produced the following tables:   The actual values of this time series,y,were 228,54,and 191 for May,June,and July,respectively.The forecast value predicted by the model for July is ___.
A)36.91 
B)83.67 
C)218.71 
D)174.41 
E)191

Quizplus · Accepted Answer

Based on the second table, the autoregressive model predicts a value of 218.71 for July. Therefore, choice C is the correct answer. Choices A, B, D, and E are incorrect because they do not match the predicted value of the model.

Analysis of Data for an Autoregressive Forecasting Model Produced the Following