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Year 1 2 |Cost/Unit ($) 20.0 23 456 24.5 28.2 27.5 26.6 30.0 7 31.0 8 36.0 (b) Use simple linear regression analysis to
Year 1 2 |Cost/Unit ($) 20.0 23 456 24.5 28.2 27.5 26.6 30.0 7 31.0 8 36.0 (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 for the parameters to four decimal places and your answer for the MSE to two decimal calculations. y-intercept, bo = 19.992 Slope, bi = 1.7738 MSE = 16.31
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