Ind the parameters for the line that minimizes mse

Assignment Help Operation Management

Reference no: EM13787946

Time Series Analysis and Forecasting

Consider the following time series:

t 1 2 3 4 6 7

yt 120 110 100 96 94 88

a. Construct time series plot. What type of pattern exists in the data?

b. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.

c. What is the forecast for t=8?

Reference no: EM13787946

Questions Cloud

Potential cost savings of using the same product : Generally speaking, many companies are interested in the potential cost savings of using the same product and promotional mix on a global basis. It is easier to control the program and less time is required in developing the marketing plan. Howeve..

Explain high-level planning needed for an organization : Explain the high-level planning needed for an industrial systems organization that utilizes ICS technologies to prepare for attacks from cyber threats such as Stuxnet. Use at least four (4) quality resources in this assignment.

Should a breach of contract lawsuit be brought against her : Further, please research whether or not Camille and Sonya's prior course of dealings has an impact on the parties' communications and whether or not Sonya would be successful against CARDWARE Inc. should a breach of contract lawsuit be brought agains..

Number of distracters and features affect your search : Were you successful in locating the person? What strategy did you use? Did your search make use of the pop-out effect? How? If not, how might using the pop-out effect have resulted in a successful or quicker search?

Ind the parameters for the line that minimizes mse : Construct time series plot. What type of pattern exists in the data. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.

Description of the adjustment : A description of the adjustment and why it is necessary. Provide an example of the transaction; include the debit and credit, with dates and amounts.

What issues will emerge or gain focus in area of education : What three to five issues will emerge or gain focus in the area of special education? Which disability do you believe would be the hardest for an individual to cope with and why?

Keep unemployment and inflation low : Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. It is important to have the right mix of policies and that..

What factors can cause the supply curve for pounds : Suppose the supply curve for sterling pound the foreign currency is perfectly price inelastic.

User Account

All Pages