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, t = 1990.1, .., 2006.4, you estimate the linear consumptiontrend model, Y = Bo + B1TIME + E1, where ɛ ~ 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.- Find the exact value of the point forecast at 2010.01.· Provide the distribution of the density forecast at 2010.01.: Provide interval forecasts for 68% and 90% confidence levels.

exact value of the point forcast is 10.4

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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