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
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.
b
b
c
What is the forecast for
t
Round your answer to two decimal places.
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