Fit the straight line trend to the following figures by the method of least squares : Year : 1975 1976 1977 1978 1979 1980 1981 Sales in *000 tonnes : 50 60 65 63 68 70 72

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.4: Linear Regression
Problem 12SBE: Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4
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Question
Fit the straight line trend to the following figures
by the method of least squares:
Year
: 1975
1976 1977 1978 1979 1980 1981
Sales in
*000 tonnes
50
60
65
63
68
70
72
Transcribed Image Text:Fit the straight line trend to the following figures by the method of least squares: Year : 1975 1976 1977 1978 1979 1980 1981 Sales in *000 tonnes 50 60 65 63 68 70 72
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