Question

Find out the trend values by the method of least squares

Answer 1

Measurements of Trends: Method of Least Squares :-

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

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

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

4.Y = a+bX...;