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The following table provides the Dow Jones Industrial Average (DIJA) opening index value on the first working day of 1994-2013. Develope a trend line and
The following table provides the Dow Jones Industrial Average (DIJA) opening index value on the first working day of 1994-2013.
Develope a trend line and use it to predict the opening DIJA index value for years 2014, 2015, and 2016. Find the MSE for this model.
YEAR | DIJA |
2013 | 13,104 |
2012 | 12,392 |
2011 | 11,577 |
2010 | 10,431 |
2009 | 8,772 |
2008 | 13,262 |
2007 | 12,460 |
2006 | 10,718 |
2005 | 10,784 |
2004 | 10,453 |
2003 | 8,342 |
2002 | 10,022 |
2001 | 10,791 |
2000 | 11,502 |
1999 | 9,213 |
1998 | 7,908 |
1997 | 6,448 |
1996 | 5,117 |
1995 | 3,834 |
1994 | 3,754 |
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