(Solution) - Consider the following time series a Construct a time 162091 -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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Consider the following time series:



a. Construct a time series plot. What type of pattern exists in the data?
b. Use Excel Solver or LINGO to find the parameters for the line that minimizes MSE this time series.
c. What is the forecast for t =8?