The below time series gives the indices of Industrial Production in U.S for 10 consecutive years. Year IP 1 79.62 2 86.54 3 88.14 4 89.23 5 93.45 6 97.4 7 99.34 8 96.98 9 100.22 10 103.56 Construct a time series plot. What type of pattern exists in the
The below time series gives the indices of Industrial Production in U.S for 10 consecutive years. Year IP 1 79.62 2 86.54 3 88.14 4 89.23 5 93.45 6 97.4 7 99.34 8 96.98 9 100.22 10 103.56 Construct a time series plot. What type of pattern exists in the
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
The below time series gives the indices of Industrial Production in U.S for 10 consecutive years.
Year |
IP |
1 |
79.62 |
2 |
86.54 |
3 |
88.14 |
4 |
89.23 |
5 |
93.45 |
6 |
97.4 |
7 |
99.34 |
8 |
96.98 |
9 |
100.22 |
10 |
103.56 |
- Construct a time series plot. What type of pattern exists in the data?
- Use simple linear
regression analysis to find the parameters for the line that minimizes MSE for this time series. - What is the forecast for t = 11?
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