Question: Consider the following time series data. (a) Construct a time series plot. What type of pattern exists in the data? The time series plot shows

Consider the following time series data. (a)

Consider the following time series data. (a) Construct a time series plot. What type of pattern exists in the data? The time series plot shows a horizontal pattem. The time series plot shows a seasonal pattern, The time series plot shows a linear trend, The time series plot shows a nonlinear trend. (b) Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series. b0=b1= (c) What is the forecast for t=6

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