23 Fit a straight line by the method of least squares to the data given below: Year 1980 1981 1982 1983 Sales (000 Rs.). 10 13 15 20 Solution Calculation of Trend values by Lcast Squarc Method Year Sales (000 Rs.) Y Yc=6.5+3.2 X (1) 1980 XY X2 Yc 10 10 9.7 1981 13 2 26 12.9 14

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Question
23
Fit a straight line by the method of least squares to the data given
below:
Year
1980
1981
1982
1983
Sales (000 Rs.)
10
13
15
20
Solution
Calculation of Trend values by Least Square Method
Year
Sales
(000 Rs.)
Y
Yc=6.5+3.2 X
(1)
1980
XY
X2
Yc
10
10
9.7
1981
13
2
26
12.9
14
Transcribed Image Text:23 Fit a straight line by the method of least squares to the data given below: Year 1980 1981 1982 1983 Sales (000 Rs.) 10 13 15 20 Solution Calculation of Trend values by Least Square Method Year Sales (000 Rs.) Y Yc=6.5+3.2 X (1) 1980 XY X2 Yc 10 10 9.7 1981 13 2 26 12.9 14
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