Question

. 3) Find the linear trend value by the method of least squares. plot the orginal values and the values on the same graph
year:1995 , 2000 , 2005, 2010 , 2015 ,2020
production:16 ,20 ,18 ,15,18,21​

Answer 1

Answer:

Measurements of Trends: Method of Least Squares

(i) The sum of the deviations of the actual values of Y and Ŷ (estimated value of Y) is Zero. ...

Computation of trend values by the method of least squares (ODD Years).

Therefore, the required equation of the straight line trend is given by.

Y = a+bX;

Step-by-step explanation:

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