If for the following data:
Year () 2010 2011 2012 2013 2014 2015 2016 Sales (in ₹ crores) () 6 8 9 11 13 17 20
If the equation of the straight line trend is , then the trend value for the year 2018 is
If for the following data:
| Year () | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|---|---|
| Sales (in ₹ crores) () | 6 | 8 | 9 | 11 | 13 | 17 | 20 |
If the equation of the straight line trend is , then the trend value for the year 2018 is
Solution
✅ Correct Option: 3
Taking gives , so and .
For 2018, : .
Note: The computed trend value is about 23.43, while the nearest option reads 23.45; we have taken that option as intended.
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