consider the following time series data.t 1 2 3 4 5 6 7yt10 9 7 8 6 4 4a. construct a time series plot. What type of pattern exists in the data?b. develop the linear trend equation for this time series.c. What is the forecast for t = 8?
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consider the following time series data.
t 1 2 3 4 5 6 7
yt
10 9 7 8 6 4 4
a. construct a time series plot. What type of pattern exists in the data?
b. develop the linear trend equation for this time series.
c. What is the forecast for t = 8?
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