(b) 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, bo =Slope, b1 =MSE =(c) What is the forecast for t = 8?If required, round your answer to one decimal place. Consider the following time series.t1234 5 6Yt 13211010198 94 90 83

CALCULATION for regression equation:- t yt t^2 yt^2 t*yt 1 132 1 17424 132 2 110 4 12100 220 3 101…

Answered: (b) Use simple linear regression…

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter10: Sequences, Series, And Probability

Section10.2: Arithmetic Sequences

Problem 24E

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(b) 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, bo = Slope, b1 = MSE = (c) What is the forecast for t = 8? If required, round your answer to one decimal place.