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The following question comes from Forecasting: Principles and Practice 3d Edition : Chapter 7.10 Exc2 (Choose 1 men's event) Data setolympic_runningcontains the winning times (in
The following question comes from Forecasting: Principles and Practice 3d Edition : Chapter 7.10 Exc2 (Choose 1 men's event)
Data setolympic_runningcontains the winning times (in seconds) in each Olympic Games sprint, middle-distance and long-distance track events from 1896 to 2016.
- Plot the winning time against the year for each event. Describe the main features of the plot.
- Fit a regression line to the data for each event. Obviously the winning times have been decreasing, but at whataveragerate per year?
- Plot the residuals against the year. What does this indicate about the suitability of the fitted lines?
- Predict the winning time for each race in the 2020 Olympics. Give a prediction interval for your forecasts. What assumptions have you made in these calculations?
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