Question

Consider the following time series. t 1 2 3 4 5 yt 5 11 9 14...

Consider the following time series.

t 1 2 3 4 5
yt 5 11 9 14 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,

bo = 4.30

b1 = 2.10

MSE = 4.4

Forecast = 16.9

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