7. From the data given below, fit a straight line trend by the method of least squares : Years 1975 1976 1977 1978 1979 1980 1981 1982 Sales (00,000 Rs.) 6.7 5.3 4.3 6.1 5.6 7.9 5.8 6.1

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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7. From the data given below, fit a straight line trend by the method of least squares :
Years
1975
1976
1977
1978
1979
1980
1981
1982
Sales (00,000 Rs.)
6.7
5.3
4.3
6.1
5.6
7.9
5.8
6.1
Transcribed Image Text:7. From the data given below, fit a straight line trend by the method of least squares : Years 1975 1976 1977 1978 1979 1980 1981 1982 Sales (00,000 Rs.) 6.7 5.3 4.3 6.1 5.6 7.9 5.8 6.1
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