Estimate the output of the company in 1965.

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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For example, with five equally spaced values of the controlled variable
the coded values could be -2, -1, 0, +1, +2; with six values the
coded measurements could be -5, -3, -1, +1, 3, 5.
cass
Use this technique to find the regression line in the following case.
Output (1000 tons) 11.1 12.3 13-7 14.6 15.6
1960 1961 1962 1963 1964
Year
Estimate the output of the company in 1965.
Transcribed Image Text:For example, with five equally spaced values of the controlled variable the coded values could be -2, -1, 0, +1, +2; with six values the coded measurements could be -5, -3, -1, +1, 3, 5. cass Use this technique to find the regression line in the following case. Output (1000 tons) 11.1 12.3 13-7 14.6 15.6 1960 1961 1962 1963 1964 Year Estimate the output of the company in 1965.
2. When the values of the controlled variable are equally spaced, the
calculation of the regression line can be considerably simplified by
coding the data in integers symmetrically about zero. When the values
of the controlled variable sum to zero, the estimates of the regression
coefficients are given by
âo = ỳ,
â₁
=
[xi yi
[x²
Transcribed Image Text:2. When the values of the controlled variable are equally spaced, the calculation of the regression line can be considerably simplified by coding the data in integers symmetrically about zero. When the values of the controlled variable sum to zero, the estimates of the regression coefficients are given by âo = ỳ, â₁ = [xi yi [x²
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