Question: Consider the following time series. (a) Construct a time series plot. What type of pattern exists in the data? The time series plot shows a

Consider the following time series. (a) Construct

Consider the following time series. (a) Construct a time series plot. What type of pattern exists in the data? The time series plot shows a linear trend. The time series plot shows a nonlinear trend. The time series plot shows a horizontal pattern. The time series plot shows a seasonal pattern. (b) Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series. (Round your numerical values to two decimal Tt= (c) What is the forecast for t=8 ? (Round your answer to one decimal place.)

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