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
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Answer:
Which is the solution to the system of equations?
y=18x−1
−5x+4y=−13
A. (0,−1)
B. (8,0)
C. (1,−78)
D. (2,−34)
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The most commonly used mathematical method for measuring the trend is (c) the Method of least squares.
- Trend measurement allows forecasting of an anticipated end result of the statistics or observations.
- Various techniques used for trend forecasting are the least square method, the straight-line method, and the free-hand curve method.
- The least-square method is the manner of locating the best-fitting curve or line of an exceptional match for data points by lowering the sum of the squares of the offsets of the points from the curve.
- During the manner of locating the relation among variables, the trend of final results is expected quantitatively. This manner is called regression analysis.
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