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Year Cost/Unit ($) Year Cost/Unit ($) 20.00 24.50 28.20 27.50 26.60 30.00 31.00 36.00 6 4 (a) Choose the correct time series plot. 40.00 $2500 5.00 Year (r) Year(t) (iv) 535.00 525.00 $20.00 $15.00 510.00 520.00 Year (e) Plot (ii) What type of pattern exists in the data? Trend Pattern (b) Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series If required, round your answers to two decimal places y-intercept, bo-19.99 C Slope, b11.77 MSE 3.90 (c) What is the average cost increase that the firm has been realizing per year? Round your interim computations and final answer to two decimal places (d) Compute an estimate of the cost/unit for next year If required, round your answer to two decimal places 35.92

math   Statistics-And-Probability   
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Answer #1

19.44

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