(b)	Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.
If required, round your answers to two decimal places.
y-intercept,b0=
Slope,b1=
MSE =

Question:

Problem 5-21

The president of a small manufacturing firm is concerned about the continual increase in manufacturing costs over the past several years. The following figures provide a time series of the cost per unit for the firm's leading product over the past eight years.

NEED MSE!!!!!

Year	Cost/Unit ($)	Year	Cost/Unit ($)
1	20.00	5	26.60
2	24.50	6	30.00
3	28.20	7	31.00
4	27.50	8	36.00