The data set below indicates the Commodity Futures Index over the last 10 weeks. Time series analysis gave a p-value of 0.02 and an equation of:
Index = 7.41 +0.02(week)
What would be the predicted value for week 11? Round your answer to two
decimal places.
week
1
2
3
index
7.35
7.4
7.55
7.56
7.6
7.52
4
5
6
7
7.52
8
7.7
7.62
9
10
7.55