Question: Consider the following time series data. t 1 2 2 3 4 4 5 Yt 5 12 8 13 16 (a) Construct a time series

Consider the following time series data. t 1 2 2 3

Consider the following time series data. t 1 2 2 3 4 4 5 Yt 5 12 8 13 16 (a) Construct a time series plot. What type of pattern exists in the data? The time series plot shows a horizontal pattern. The time series plot shows a seasonal pattern. The time series plot shows a nonlinear trend. The time series plot shows a linear trend. (b) Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series. = bo b1 (c) What is the forecast for t = 6

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