Question: Consider the following time series data. t 1 2 3 4 5 7. 11 9 14 16 a. Construct a time series plot. 1. Time

Consider the following time series data. t 1 2 3 4 5 7. 11 9 14 16 a. Construct a time series plot. 1. Time Series Value F16 114 F12 110 8 -6 14 2. 2. 2 3 4 5 Time Period (0) 2. Time Series Value 116 -14 -12 1 2 F10 18 6 N Time Period ( 3. Time Series Value F16 114 12 F10 18 F6 4 2 1 2 3.45 Time Period (t) Select your answer - What type of pattern exists in the data? - Select your answer - b. Develop the linear trend equation for this time series (to 1 decimal). T + t c. What is the forecast for t = 6 (to 1 decimal)

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