Question: Consider the following time series data. Given Table t yt 1 5 2 1 0 3 8 4 1 3 5 1 6 6 1

Consider the following time series data.
Given Table
t yt
15
210
38
413
516
618
720
821
925
1025
1129
1230
1330
1433
1535
1639
1740
1842
1945
2046
2148
2249
2353
2456
2559
(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 downward linear trend.
The time series plot shows an upward linear trend.
The time series plot shows a seasonal pattern.
(b)
Use simple linear regression analysis to find the estimated parameters for the line that minimizes MSE for this time series. (Round your answers to two decimal places.)
b0=
b1=
(c)
What is the forecast for
t =26?
(Round your answer to two decimal places.)

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