For the following data:
Year () 2004 2005 2006 2007 2008 2009 2010 Sales (in ₹' 000) () 26 26 44 42 108 120 166
The equation of the straight line trend is , then the trend value for the year 2011 is
For the following data:
| Year () | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
|---|---|---|---|---|---|---|---|
| Sales (in ₹' 000) () | 26 | 26 | 44 | 42 | 108 | 120 | 166 |
The equation of the straight line trend is , then the trend value for the year 2011 is
Solution
✅ Correct Option: 2
Let , so runs from to with and . Also and . Then and , giving . For 2011, , so .
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