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Below are some values of a time series consisting of 26 time periods. Time Period Time Series Value 1 37 2 48 3 50 4

Below are some values of a time series consisting of 26 time periods.

Time Period Time Series Value
1 37
2 48
3 50
4 63
.
.
.
23 105
24 107
25 112
26 114

The estimated regression equation for these data is Yt= 16.23 + .52Y t-1 + .37Y t-2 The forecasted value for time period 27 is _____.

a. 109.5
b. 116.65
c. 116.95
d. 53.23

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