A multiperiod regression forecast h periods into the future based on an AR(p) is computed
A) the same way as the iterated AR forecast.
B) by estimating the multiperiod regression Yt = ?0 + ?1Yt-h + ... + ?pYt-p-h+1 + ut, then using the estimated coefficients to compute the forecast h periods in advance.
C) by estimating the multiperiod regression Yt = ?0 + ?1Yt-h + ut , then using the estimate coefficients to compute the forecast h period in advance.
D) by first computing the one-period ahead forecast, next using that to compute the two-period ahead forecast, and so forth.
Answer: B
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The figure above shows the loanable funds market. If the real interest rate is 10 percent, then
A) there is a shortage in the loanable funds market. B) the government must intervene in order to prevent a credit crisis. C) the interest rate must increase. D) savers will exit the market because of the high opportunity cost of saving. E) there is a surplus in the loanable funds market.
It is still the conventional wisdom in the U.S. that compliance with NAFTA requirements is having a deleterious effect on U.S. highway safety standards, on U.S. pollution and other environmental standards, and on U.S. jobs
What facts would proponents of an expansion of NAFTA (e.g., to include all of Central and South American countries) need to marshall in order to convince you?