Question
Consider the following time series. t 1 2 3 4 5 6 7 Y t 121 109 102 96 95 94 90 (b)Use simple linear
Consider the following time series.
| t | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
Yt | 121 | 109 | 102 | 96 | 95 | 94 | 90 |
(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 places.)Tt =
(c)What is the forecast for
t = 8?
(Round your answer to one decimal place.)
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College Algebra Concepts Through Functions
Authors: Michael Sullivan, Michael Sullivan III
3rd Edition
0321925890, 9780321925893
