Question 1. Carolina Wood Products, a major manufacturer of household furniture, is interested in predicting expenditures on fumiture (FURN) for the entire United States. You are going to help the company with this prediction. Download the data by quarter for 2007 through 2016. Estimate the bivariate linear trend model for the data where TIMEI for 2007, QI through TIME-40 for 2016, FURN = a + b(TIME) b Evaluate this model in one paragraph, with particular emphasis on its usefulness in forecasting. c. Prepare a time-trend forecast of furniture and household equipment expenditures for 2017 based on the model in (b) Period 2017 QI 2017 02 2017 03 2017 Time 41 42 43 44