1. Consider the following time series: a. Construct a time series plot. What type of pattern exists in the data? b. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series

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Problem 6A: Add 432.78 + 43.278 + 4.3278.
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1. Consider the following time series:

a. Construct a time series plot. What type of pattern exists in the data?

b. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.

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Y
120 110 100 96 94 92 88
N
Transcribed Image Text:1 2 3 4 5 6 Y 120 110 100 96 94 92 88 N
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