Q1. Data were collected on the number of visitors of a shopping mall. The data are presented in the following table. Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec No. of visitors 22 30 25 38 25 42 41 46 27 57 50 60 (a) Find the lag 2 autocorrelation coefficient ( r2) and interpret the result. (b) Develop a hypothesis test to determine whether the lag 2 autocorrelation coefficient is significantly different from zero.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.3: Measures Of Spread
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Q1.
Data were collected on the number of visitors of a shopping mall. The data are presented in the following
table.
Month
No. of
visitors
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
22
30
25
38
25
42
41
46
27
57
50
60
(a) Find the lag 2 autocorrelation coefficient (r2) and interpret the result.
(b) Develop a hypothesis test to determine whether the lag 2 autocorrelation coefficient is significantly
different from zero.
Transcribed Image Text:Q1. Data were collected on the number of visitors of a shopping mall. The data are presented in the following table. Month No. of visitors Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 22 30 25 38 25 42 41 46 27 57 50 60 (a) Find the lag 2 autocorrelation coefficient (r2) and interpret the result. (b) Develop a hypothesis test to determine whether the lag 2 autocorrelation coefficient is significantly different from zero.
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