12. Fit a straight line trend by the method of least squares to the following data. Assuming that the same rate of change continues, what would be the predicted eaming for the year 2015? 2004 2005 2006 2007 2008 95 Year 2001 2002 2003 Eamings (Rs. lakh): Do not plot the trend values on the graph. 38 40 65 72 69 60 87

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
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12. Fit a straight line trend by the method of least squares to the following
data. Assuming that the same rate of change continues, what would be the predicted
earming for the year 2015?
Year
2001 2002
2003
2004
2005 2006 2007 2008
Eamings (Rs. lakh):
Do not plot the trend values on the graph.
38
40
65
72
69 60
87
95
Transcribed Image Text:12. Fit a straight line trend by the method of least squares to the following data. Assuming that the same rate of change continues, what would be the predicted earming for the year 2015? Year 2001 2002 2003 2004 2005 2006 2007 2008 Eamings (Rs. lakh): Do not plot the trend values on the graph. 38 40 65 72 69 60 87 95
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