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A Time Series Is Shown in the Table Below A Plot the Time Series to Determine Which of the

question 60

Essay

A time series is shown in the table below:  Time period yt1482503464425406327348269211013\begin{array} { | c | c | } \hline \text { Time period } & y _ { t } \\\hline 1 & 48 \\2 & 50 \\3 & 46 \\4 & 42 \\5 & 40 \\6 & 32 \\7 & 34 \\8 & 26 \\9 & 21 \\10 & 13 \\\hline\end{array} a. Plot the time series to determine which of the trend models appears to fit better.
b. Use the regression technique to calculate the linear trend line and the quadratic trend line. Which line fits better? Use the best model to forecast the value of y for time period 7.

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Definitions:

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The heat and flames produced by burning charcoal, commonly used for cooking and heating purposes.

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