Question

Consider the following time series data. t 1 2 3 4 5 Yt 7 12 10...

Consider the following time series data.

t 1 2 3 4 5
Yt 7 12 10 13 16
  1. Develop the linear trend equation for this time series (to 1 decimal).
    Tt = _____ + _____t
  2. What is the forecast for t = 6 (to 1 decimal)?

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