The most commonly used mathematical method for measuring the trend is:
(a) Moving average method (b) Semi average method
(c) Method of least squares (d) None of them
Answers
SOLUTION
TO CHOOSE THE CORRECT OPTION
The most commonly used mathematical method for measuring the trend is:
(a) Moving average method
(b) Semi average method
(c) Method of least squares
(d) None of them
EVALUATION
We know that Trend of a time series is the smooth , regular and long term movement showing the tendency of growth or decline over a period of time
Measurement of trend :
Four commonly used mathematical method for measuring the trend for a time series data
(a) Moving average method
(b) Semi average method
(c) Method of least squares
(d) Free hand curve method
Now the principle of least square states that the best or the most accurate values of the unknowns are those for which the sum of squares of the residues is least
FINAL ANSWER
Hence the correct option is
(c) Method of least squares
━━━━━━━━━━━━━━━━
Learn more from Brainly :-
Generally, what is the range of coefficient of skewness for data where the mode is ill-defined?(A) 0 to 1 (B) -1 to +1
https://brainly.in/question/26142979
2. if arithmetic mean of a seties is 45 and median is 40 then calculate the value of mode of that series
https://brainly.in/question/31548199