Question: Consider the following time series data. 5 + 1 2 3 4 1 5 10 8 13 16 (a) Construct a time series plot. What

Consider the following time series data. 5 + 1 2 3 4 1 5 10 8 13 16 (a) Construct a time series plot. What type of pattern exists in the data? The time series plot shows a nonlinear trend. The time series plot shows a horizontal pattern The time series plot shows a linear trend. The time series plot shows a seasonal pattern. (b) Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series. Do = 4.7 b; = 21 (c) What is the forecast for t6? 17.3 X

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