Question 2 The below output shows the results of an ARIMA model which was fitted to a time-series data of Japan's GDP, and an excerpt of the data. Based on the below model and information: a) Explain what the time series is likely to look like (i.e., cyclical, seasonal, with a trenc b) Explain what is the predicted GDP value for Q4, 2021? Quarter, Year GDP (in trillions of dollars) Q1, 2021 5.5 Q2, 2021 6.5 Q3, 2021 7.0 ## Series: GDP ## Model: ARIMA(1,1,0) ## Coefficients: ## ar1 constant 0.5 3
Question 2 The below output shows the results of an ARIMA model which was fitted to a time-series data of Japan's GDP, and an excerpt of the data. Based on the below model and information: a) Explain what the time series is likely to look like (i.e., cyclical, seasonal, with a trenc b) Explain what is the predicted GDP value for Q4, 2021? Quarter, Year GDP (in trillions of dollars) Q1, 2021 5.5 Q2, 2021 6.5 Q3, 2021 7.0 ## Series: GDP ## Model: ARIMA(1,1,0) ## Coefficients: ## ar1 constant 0.5 3
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Question
![Question 2
The below output shows the results of an ARIMA model which was fitted to a time-series
data of Japan's GDP, and an excerpt of the data. Based on the below model and
information:
a) Explain what the time series is likely to look like (i.e., cyclical, seasonal, with a trend).
b) Explain what is the predicted GDP value for Q4, 2021?
Quarter, Year
GDP (in trillions of dollars)
Q1, 2021
5.5
Q2, 2021
6.5
Q3, 2021
7.0
## Series: GDP
## Model: ARIMA(1,1,0)
## Coefficients:
JELL
##
JELL
##
ar1 constant
0.5 3](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F939dd2c2-4a0e-49a1-9d6d-d02a2a6771a3%2F9205ae5a-a6ab-41ec-86d3-28dd28830140%2Fl45936_processed.png&w=3840&q=75)
Transcribed Image Text:Question 2
The below output shows the results of an ARIMA model which was fitted to a time-series
data of Japan's GDP, and an excerpt of the data. Based on the below model and
information:
a) Explain what the time series is likely to look like (i.e., cyclical, seasonal, with a trend).
b) Explain what is the predicted GDP value for Q4, 2021?
Quarter, Year
GDP (in trillions of dollars)
Q1, 2021
5.5
Q2, 2021
6.5
Q3, 2021
7.0
## Series: GDP
## Model: ARIMA(1,1,0)
## Coefficients:
JELL
##
JELL
##
ar1 constant
0.5 3
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