Consider the following regression model with the dependent variable y_t and the linear trend:

where u_t is a random variable and betas are parameters of the model.

How would you decide whether the linear trend is significant?

Your task

is to model the 

data("EuStockMarkets")

y <-

EuStockMarkets[,"FTSE"]

Estimate

the following model using the 

Report

the coefficient for the linear trend.

Round the number to two decimal places!