If for the following data:
Year 2001 2002 2003 2004 2005 2006 2007 Production (in lakh tonnes) 30 35 36 32 37 40 36
Using straight line trend by the method of least squares, the trend value for the year 2009 is :
If for the following data:
| Year | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 |
|---|---|---|---|---|---|---|---|
| Production (in lakh tonnes) | 30 | 35 | 36 | 32 | 37 | 40 | 36 |
Using straight line trend by the method of least squares, the trend value for the year 2009 is :
Solution
✅ Correct Option: 4
Take the origin at 2004 so runs from to .
, and .
For 2009, : trend .
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