Consider the following time series.t                  1           2            3           4           5           6            7 Yt              120       110        100        96        94         92          88a. What type of pattern exists in the data?HorizontalSeasonal with upward trendDownward trendUpward trendSeasonal with downward trendb. Regression analysis yields the following forecast equation: 119.71 - 4.929t; what is the forecast for period 8? Round to the nearest hundredth.c. Regression analysis yields the following forecast equation: 119.71 - 4.929t; what is the MSE for this forecast method? Round to the nearest hundredth.

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