Question: need help with B Consider the following time series data. t 1 1 2 2 3 3 4 5 y 5 12 10 13 14
need help with B
Consider the following time series data. t 1 1 2 2 3 3 4 5 y 5 12 10 13 14 (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 nonlinear trend. The time series plot shows a seasonal pattern. The time series plot shows a linear trend. (b) Use simple linear regression analyJis to find the parameters for the line that minimizes MSE for this time series. bo X by = 5.1 1.9 (c) What is the forecast for t = 6? 16.5
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