Below Are Some Values of a Time Series Consisting of 26

Multiple Choice

Below are some values of a time series consisting of 26 time periods. $\begin{array}{ll}\text { Time Period } & \text { Time Series Value } \\1 & 37 \\2 & 48 \\3 & 50 \\4 & 63\\.\\.\\.\\23 & 105 \\24 & 107 \\25 & 112 \\26 & 114\end{array}$ The estimated regression equation for these data is Y_t = 16.23 + .52Yt_-1 + .37Yt-₂
The forecasted value for time period 27 is _____.

A) 53.23
B) 109.5
C) 116.65
D) 116.95