Fit a trend line to the following data by the method of least square. 1988 1990 1992 1994 1996 1998 Year : Prodn. : 1986 25 27 32 36 44 55 69 Also, estimate the figure of production in 1999 and find the trend values as well.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 14PPS
icon
Related questions
Question
Fit a trend line to the following data by the method of least square.
Year :
1986
1988
1990
1992
1994
1996
1998
Prodn. :
25
27
32
36
44
55
69
Also, estimate the figure of production in 1999 and find the trend values as
well.
Transcribed Image Text:Fit a trend line to the following data by the method of least square. Year : 1986 1988 1990 1992 1994 1996 1998 Prodn. : 25 27 32 36 44 55 69 Also, estimate the figure of production in 1999 and find the trend values as well.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL