Harry Vernon collected data on VCR sales at Vernon's Music Store last year. The document provides the time series data and calculates the lag 1 and lag 2 autocorrelation coefficients (r1 and r2) to analyze relationships between current and past time periods. It finds r1 = 0.571913 and r2 = 0.462687, with t-statistics that are not significant, indicating no clear autocorrelation.
Harry Vernon collected data on VCR sales at Vernon's Music Store last year. The document provides the time series data and calculates the lag 1 and lag 2 autocorrelation coefficients (r1 and r2) to analyze relationships between current and past time periods. It finds r1 = 0.571913 and r2 = 0.462687, with t-statistics that are not significant, indicating no clear autocorrelation.
Harry Vernon collected data on VCR sales at Vernon's Music Store last year. The document provides the time series data and calculates the lag 1 and lag 2 autocorrelation coefficients (r1 and r2) to analyze relationships between current and past time periods. It finds r1 = 0.571913 and r2 = 0.462687, with t-statistics that are not significant, indicating no clear autocorrelation.