You work for the International Monetary Fund in Washington DC, mon-itoring Singapore's real consumption expenditures. Using a sample ofquarterly real consumption data (measured in billions of 2005 Singaporedollars), yt, t1990.1, .., 2006.4, you estimate the linear consumptiontrend model, Yt= Bo + B¡TIM E, + E1, where & ~iidN(0, o²), obtain-ing the estimates Bo = 0.51, B12.30, and ô?16. Based upon yourestimated trend model, construct feasible point, interval and densityforecasts for 2010.1.Provide interval forecasts for 68% and 90% confidence levels.

Timet (2010.1) = (2010 - 1900) *4 =80 Point Estimate = b0 +b1 = 0.51 + 2.30*80 = 184.51

Answered: You work for the International Monetary…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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