Here is a table of values from the U.S. Bureau of Labor Statistics: (Data in BLS output)

Year Output/hr Labor 12005  1002 Output/unit Capital 12005  1002 1993 73.407 86.944 1994 74.049 90.416 1995 74.086 92.913 1996 76.248 94.391 1997 77.577 97.576 1998 79.879 99.502 1999 82.692 101.488 2000 85.553 102.534 2001 88.146 100.316 2002 92.081 97.905 2003 95.623 97.247 2004 98.279 98.417 2005 100 100 2006 100.945 102.071 2007 102.407 102.617 2008 103.111 100.573 2009 106.251 93.383 2010 109.484 93.309 2011 109.852 95.200 2012 110.554 97.273 For the series of Output per hour of labor:

a) Make a time series plot.

b) Describe the trend component. (Remember: Direction, Form, and Strength.)

c) Is there evidence of a seasonal component?