Question

Most commonly used mathematical method for measuring the trend is

Answer 1

Answer:

Straight line method is the commonly used mathematical method for measuring the trend.

Answer 2

The straight-line method is the most commonly used mathematical method for measuring the trend.

• Trend measurement helps to forecast an expected result of the data or the collected observation.
• Various methods used for trend forecasting are the least square method, the straight-line method, and the free-hand curve method.
• The straight-line technique entails the value of acquisition of an asset in addition to its expected future price in years to come.
• Straight-line depreciation equation =

               $\frac{Cost of the fixed asset - Salvage Value}{Useful life}$