Let be the straight line trend for the following data by least squares method:
Year() 2018 2019 2020 2021 2022 2023 2024 Production in Lakh tonnes() 32 34 30 35 38 39 42
the trend value for the year 2025 approximately is:
Let be the straight line trend for the following data by least squares method:
| Year() | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Production in Lakh tonnes() | 32 | 34 | 30 | 35 | 38 | 39 | 42 |
the trend value for the year 2025 approximately is:
Solution
✅ Correct Option: 1
With taking values to : so ; and so . For 2025, , giving .
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