Question: Consider the following time series: a. Construct a time series plot. What type of pattern exists in the data? b. Using LINGO or EXCEL Solver,

Consider the following time series:

a. Construct a time series plot. What type of pattern exists in the data?
b. Using LINGO or EXCEL Solver, develop the quadratic trend equation for the time series.
c. What is the forecast for t =8?

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a The time series plot exhibits a curvilinear trend b b0 107857 b1 28988 b2 2655 ... View full answer

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