2. Fit a trend equation of the form Y = a+ bX bY the method of least squares to the following data and find by which year the production will reach 63 million tons. Also obtain trend values. Year: 1966 1967 1968 1969 1970 1971 1972 1973 Production: 50.3 52.7 49.8 57.3 56.6 60.7 62.1 56.0 (in millions)
2. Fit a trend equation of the form Y = a+ bX bY the method of least squares to the following data and find by which year the production will reach 63 million tons. Also obtain trend values. Year: 1966 1967 1968 1969 1970 1971 1972 1973 Production: 50.3 52.7 49.8 57.3 56.6 60.7 62.1 56.0 (in millions)
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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