Question: Consider the following time series. t 1 2 3 4 5 y t 5 11 9 14 14 (a) Choose the correct time series plot.

Consider the following time series.

t 1 2 3 4 5
yt 5 11 9 14 14

(a) Choose the correct time series plot.
(i) (ii)
(iii) (iv)
What type of pattern exists in the data?

a. Positive trend pattern

b. Horizontal pattern

c. Vertical pattern

d. Negative trend pattern
(b) Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.
If required, round your answers to two decimal places.
y-intercept, b0 =
Slope, b1 =
MSE =
(c) What is the forecast for t = 6?
If required, round your answer to one decimal place.

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