Solution-What type of pattern exists in the data

What type of pattern exists in the data

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Reference no: EM131048593

Consider the following time series:

t 1 2 3 4 5 6 7

Yt 120 110 100 96 94 92 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 minimizes MSE for this time series.

c. What is the forecast for t=8?

Reference no: EM131048593

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What type of pattern exists in the data

Reference no: EM131048593

Reference no: EM131048593

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