3. Suppose you have the following model y, = Bo + B,x; +u,, i=1,...,n,n+1,..,n+ p with the classical assumptions being satisfied. You want to estimate the model using the first n number of observations and then predict the rest of the observations. a) Show that the prediction error for the n+1th observation is made up of two components, estimation error and the random disturbance term that occurs inherently in the prediction period.

3. Suppose you have the following model y, = Bo + B,x; +u,, i=1,...,n,n+1,..,n+ p with the classical assumptions being satisfied. You want to estimate the model using the first n number of observations and then predict the rest of the observations. a) Show that the prediction error for the n+1th observation is made up of two components, estimation error and the random disturbance term that occurs inherently in the prediction period.

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter10: Sequences, Series, And Probability

Section10.8: Probability

Problem 32E

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