Year (t) 2010 2011 2012 2013 2014 2015 2016 Sales (in Rs. crores) (y) 6 8 9 11 13 17 20
In reference to the above data, which of the following statements are correct? (where )
(A) If the equation of the straight line trend is , then the trend value for the year 2017 is 21.16.
(B) If the equation of the straight line trend is , then the trend value for the year 2013 is 11.
(C) If the equation of the straight line trend is , then the trend value for the year 2015 is 17.
(D) If denote the time series and are the trend values of the variable y, then .
Choose the correct answer from the options given below:
| Year (t) | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|---|---|
| Sales (in Rs. crores) (y) | 6 | 8 | 9 | 11 | 13 | 17 | 20 |
In reference to the above data, which of the following statements are correct? (where )
(A) If the equation of the straight line trend is , then the trend value for the year 2017 is 21.16.
(B) If the equation of the straight line trend is , then the trend value for the year 2013 is 11.
(C) If the equation of the straight line trend is , then the trend value for the year 2015 is 17.
(D) If denote the time series and are the trend values of the variable y, then .
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 2
Solution Coming Soon
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