Consider the following data :
Year 2012 2013 2014 2015 2016 Sales (in ₹ crores) 8 10 7 9 12
The equation of the straight line trend by the method of least squares is :
Consider the following data :
| Year | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|
| Sales (in ₹ crores) | 8 | 10 | 7 | 9 | 12 |
The equation of the straight line trend by the method of least squares is :
Solution
✅ Correct Option: 3
Using deviations from middle year (2014): .
, , .
, so .
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