From the following observations of annual EPS for a company, what is the first-order autocorrelation? Time EPS 1 3.06 2 3.27 3 4.44 4 4.07 5 5.26 6 5.59 Note that...

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From the following observations of annual EPS for a company,what is the first-order autocorrelation?
Time EPS
1 3.06
2 3.27
3 4.44
4 4.07
5 5.26
6 5.59
Note that using the CORREL() spreadsheet function will notproduce the correct result. Though for a large sample it'll bereally close, for a small sample such as this one the differencecan be significant. This is because for the autocorrelation you usethe variance of the full sample in the denominator, as well as usethe full sample to find the mean for use in covariance. Incontrast, the CORREL function will treat the two subsets of thetime series as separate data, and calculate separate mean andstandard deviation for each.
Answer should be 0.4 Please show who to get it in excel

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Firstly I am pasting the excel sheet and then I will beexplaining everything below the spreadsheetTIMEEPS13062327306Number of Data points6344432744074445526407LagAutocorrelation6559526104025229352001928227300997221534047934276650304175First step is type the data given already then leaving the firstrow of the EPS start writing the EPS once again in the adjacentcolumn ie 306 will go in the next row in the adjacent See Answer

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