Sounds like you are missing a namespace reference. Here:
SeriesCollection Class (System.Windows.Forms.DataVisualization.Charting)[
^]
A quick tip for resolving namespaces (and other neat stuff):
In VS2015 (and VS2013?), put the cursor anywhere in the line with the squiggly red line, using shortcut CTRL+. (CTRL key + '.' (Dot) key) or right-click and select "Quick Actions and Refactorings...", if the correct DLL is linked in, the IntelliSense should give you the ability to quickly add the correct Using {namespace}; reference.