Based on the data available for the production ( in thousand tons) of a cloth factory for 7 years () using the method of least squares, the straight line trend is given by with . Then, the increase in production per year is:
Based on the data available for the production ( in thousand tons) of a cloth factory for 7 years () using the method of least squares, the straight line trend is given by with . Then, the increase in production per year is:
Solution
✅ Correct Option: 2
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