The following data shows the percentage of urban Indian households who have a high speed 5G internet connection:
Year (x) 2020 2021 2022 2023 2024 Urban house hold (y) 9% 18% 21% 29% 38%
If a straight line trend by the method of least square for the above data is , then the forecast for the year 2025 is:
The following data shows the percentage of urban Indian households who have a high speed 5G internet connection:
| Year (x) | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Urban house hold (y) | 9% | 18% | 21% | 29% | 38% |
If a straight line trend by the method of least square for the above data is , then the forecast for the year 2025 is:
Solution
✅ Correct Option: 2
The trend equation is where:
= Percentage of urban households with 5G internet
= The year
= The base year (reference point)
= The average percentage at the base year
= The rate of increase per year
For the forecast year 2025, substitute into the equation:
The forecast for year 2025 is .
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