Question: Consider the following time series data. t 1 2 3 4 5 y t 5 10 8 13 14 (b) Use simple linear regression analysis

Consider the following time series data.

t 1 2 3 4 5

yt

 5 10 8 13 14

(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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