Consider the time-series given in Trend series. xlsx If a liner trend pattern exists in the time-series data, answer the following questions: 1. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series.
a. The value of y-intercept is:
b. The slope is:
2. What is the forecast for t = 11?
Note: Round the answers to two decimal places.
Year 1 2 3 4 5 6
Yt 0.345 0.366 0.398 0.356 0.456 0.478 0.543 0.596 0.634 0.698 7 8 9 10

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