(Solved): Consider the following time series. (a) Construct a time series plot. What type of pattern exists i ...

Consider the following time series. (a) Construct a time series plot. What type of pattern exists in the data? The time series plot shows a nonlinear trend. The time series plot shows a linear trend. The time series plot shows a horizontal pattern. The time series plot shows a seasonal pattern. (b) Develop the linear trend equation for this time series. (Round your numerical values to two decimal places.) $T_t=$ (c) What is the forecast for $t=8$ ? (Round your answer to one decimal place.)