Question
The following table gives the sales of an item produced by a company since 1999.
| Year | Sales (in crores of rupees) |
| 1999 2000 2001 2002 2003 2004 | 10 12 9 13 12 14 |
Obtain the least square trend-line equation by using 1999 as zero year.
Answer :
Word Count : 286
The first year 1999 is assumed to be 0, 2000 would become 1, 2001 would be 2 and so on. The various steps are outlined in the following table.
The above table yields the following values for various terms mentioned below :
| Year | Sales (Y) | _____ ________ _________ ______ ________ __________.