Slope, b1 = MSE= c. What is the forecast for t = 8? If required, round your answer to three decimal places.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.2CE: Plot the logarithm of arrivals for each transportation mode against time, all on the same graph....
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b. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series. Do not round your interim computations and round your final
answers to three decimal places. For subtractive or negative numbers use a minus sign. (Example: -300)
y-intercept, bo =
Slope, b1 =
MSE=
c. What is the forecast for t = 8? If required, round your answer to three decimal places.
Transcribed Image Text:b. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series. Do not round your interim computations and round your final answers to three decimal places. For subtractive or negative numbers use a minus sign. (Example: -300) y-intercept, bo = Slope, b1 = MSE= c. What is the forecast for t = 8? If required, round your answer to three decimal places.
CBOOK
Problem 6-19
Consider the following time series.
1
1
2
3
4
Y,
120
110
100
96
5
94
6
92
7
88
Transcribed Image Text:CBOOK Problem 6-19 Consider the following time series. 1 1 2 3 4 Y, 120 110 100 96 5 94 6 92 7 88
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