Question

From the data given below compute the role of fall and trend values of profits of a company during the period 2004 to 2010- (Year )2004 2005 2006 2007 2008 2009 2010 (Profit in thousand)75 70 72 65 50 54 41​

Answer 1

Answer:

Trend Equation Y

t

=a + bx

For calculating the values of a and b, we may use the following equations -

∑Y=na+b∑X

∑XY=a∑x+b∑x

2

Substtuting the values given in the question you can get the trend values

Explanation:

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