Suppose it is the beginning of 2008 and you are trying to assist the forecaster in Case New Holland, an international agricultural and construction equipment manufacturer, forecast total agricultural equipment industry sales in Canada for the year. You have accessed Statistics Canada's CAN- SIM2 database and found the agricultural equipment manufacturing industry€™s GDP (in 2002 constant prices) in series v41881336. The data between 2000 and 2007 are as follows;

a. Plot the time series data.
b. Identify its patterns and suggest a forecasting technique.

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Agricultural Equipment Manufacturing Year Industry's GDP bion 2002s) 2000 2001 2002 2003 2004 2005 2000 2007 9.8 10.3 11.4 9.8 10.4 10.3 9.4 10.4