Consider the following time series.t                  1           2            3           4           5           6            7 Yt              120       110        100        96        94         92          88a. What type of pattern exists in the data?HorizontalSeasonal with upward trendDownward trendUpward trendSeasonal with downward trendb. Regression analysis yields the following forecast equation: 119.71 - 4.929t; what is the forecast for period 8? Round to the nearest hundredth.c. Regression analysis yields the following forecast equation: 119.71 - 4.929t; what is the MSE for this forecast method? Round to the nearest hundredth.

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Consider the following time series.
t                  1           2            3           4           5           6            7
Yt              120       110        100        96        94         92          88
a. What type of pattern exists in the data?
Horizontal
Seasonal with upward trend
Downward trend
Upward trend
Seasonal with downward trend
b. Regression analysis yields the following forecast equation: 119.71 - 4.929t; what is the forecast for period 8? Round to the nearest hundredth.
c. Regression analysis yields the following forecast equation: 119.71 - 4.929t; what is the MSE for this forecast method? Round to the nearest hundredth.

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