income from the following data. Estimate the income for the year 2013:

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 6SGR
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Question
Use the method of least square to fit a trend line for the
income from the following data. Estimate the income for the
year 2013:
Years
2005
2006
2007
2008
2009
2010
2011
2012
Income ('000$)
85
90
110
100
95
120
125
115
Transcribed Image Text:Use the method of least square to fit a trend line for the income from the following data. Estimate the income for the year 2013: Years 2005 2006 2007 2008 2009 2010 2011 2012 Income ('000$) 85 90 110 100 95 120 125 115
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