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Consider the Following Time Series

question 7

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Consider the following time series:
Consider the following time series:    a. Construct a time series plot. What type of pattern exists in the data? b. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series. c. What is the forecast for t = 9? a. Construct a time series plot. What type of pattern exists in the data?
b. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.
c. What is the forecast for t = 9?

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Definitions:

Customary Norms

Rules of behavior that are based on long-standing practices or traditions within a society or group.

Informal Deviance

Behaviors that violate informal social norms or expectations, which are not codified into law.

Legal Code

A coherent set of laws that are systematically arranged, usually by the government or other regulatory authority.

Differential Association Theory

Theory that interprets deviance as behavior one learns through interaction with others.

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