What type of Pattern Options: Horizontal Pattern or Trend Pattern 4 Yt 611 9 14

Question

What type of Pattern Options: Horizontal Pattern or Trend Pattern

4 Yt 611 9 14 15 (a) Choose the correct time series plot. Time Period -Select your answer- What type of pattern exists in the data? Select your answerY (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, bo Slope, bi- MSE = (c) What is the forecast for t = 6? If required, round your answer to one decimal place

Explanation / Answer

a)

Correct plot is iii) Trend

b)

b0=4.7

b1=2.1

MSE=3.3

c)

yt=4.7+2.1*t

yt=4.7+2.1*6

yt=17.3

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