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Consider the following time series. t yt t yt t yt t yt t yt 1 6 6 2 0 1 1 2 8 1
Consider the following time series.
t yt t yt t yt t yt t yt
a Choose the correct time series plot.
i
The time series plot represents trend. The horizontal axis is labeled t with values from to The vertical axis is labeled y of t with values from to The chart has a collection of points connected by line segments. The segments and the approximate points they connect are as follows. The segments start at go up and right to go down and right to go up and right to go up and right to go up and right to go right to go up and right to go up and right to go right to go up and right to go up and right to go up and right to go up and right to go up and right to go up and right to go up and right to go up and right to go up and right to go up and right to go up and right to go up and right to go right to go up and right to and go up and right to stop at ii
The time series plot represents trend. The horizontal axis is labeled t with values from to The vertical axis is labeled y of t with values from to The chart has a collection of points connected by line segments. The segments and the approximate points they connect are as follows. The segments start at go up and right to go down and right to go right to go down and right to go up and right to go down and right to go up and right to go down and right to go up and right to go down and right to go up and right to go down and right to go up and right to go down and right to go up and right to go down and right to go up and right to go down and right to go right to go down and right to go up and right to go down and right to go up and right to and go down and right to stop at
iii
The time series plot represents trend. The horizontal axis is labeled t with values from to The vertical axis is labeled y of t with values from to The chart has a collection of points connected by line segments. The segments and the approximate points they connect are as follows. The segments start at go down and right to go up and right to go down and right to go up and right to go down and right to go up and right to go down and right to go up and right to go right to go up and right to go down and right to go up and right to go down and right to go up and right to go down and right to go up and right to go down and right to go up and right to go down and right to go up and right to go down and right to go up and right to go down and right to and go up and right to stop at iv
The time series plot represents trend. The horizontal axis is labeled t with values from to The vertical axis is labeled y of t with values from to The chart has a collection of points connected by line segments. The segments and the approximate points they connect are as follows. The segments start at go down and right to go down and right to go right to go down and right to go down and right to go down and right to go down and right to go down and right to go down and right to go down and right to go down and right to go down and right to go down and right to go down and right to go down and right to go right to go down and right to go down and right to go right to go down and right to go down and right to go down and right to go down and right to and go down and right to stop at
Plot i
What type of pattern exists in the data?
The time series plot shows a
positive
linear
trend.
b Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.
If required, round your answers to three decimal places.
yintercept, b
Slope, b
MSE
c What is the forecast for t
If required, round your answer to two decimal places.
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