Question

Consider the following time series. t 1 2 3 4 5 yt 5 10 10 15...

Consider the following time series.

t 1 2 3 4 5
yt 5 10 10 15 14
Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.
If required, round your answers to two decimal places.
y-intercept, b0 =  
Slope, b1 =  
MSE =  
(c) What is the forecast for t = 6?
If required, round your answer to one decimal place.
Math   Statistics-And-Probability   
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Homework Answers

Answer #1

The statistical software output for this problem is:

Hence,

a) b0 = 3.9

b1 = 2.3

b) MSE = 3.3

c) Forecasted value = 17.7

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