The accompanying data file contains quarterly observations for 5 years. a. Plot the series and discuss its

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The accompanying data file contains quarterly observations for 5 years.

a. Plot the series and discuss its trend and seasonal components.

b. Use decomposition analysis to make in-sample forecasts with the exponential trend and seasonal indices. Compute the MSE.

c. Estimate an exponential trend with seasonal dummies model. Compute the MSE.

d. Use the appropriate model to make forecasts for all four quarters of the next year.

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