UNIT - III6. Below are given the figures of production ('000 tonnes)of a coal mine.B.Year2002 2004 2005 2006 2007|2008 2011D.Production 8095 104 93100 110 108('000 qtls)12604-3550-(P-7)012604-3550-(P-7)(Q-9)(22)( 4 ) (a) Fit a straight line trend by the method of leastsquare and calculate trend values.gd.(b) What is the monthly increase in production of?coal ?(c) Estimate the trend.7. From the following data, calculate Fishers Ideal Indexand prove that it satisfies both the time reversal and79630.factor reversal tests.

FORMULAS USED IN THE LEAST SQUARE METHOD: STRAIGHT LINE TREND: Y=a+bX WHERE Y IS THE DEPENDENT…

Answered: (a) Fit a straight line trend by the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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(a) Fit a straight line trend by the method of least square and calculate trend values. (b) What is the monthly increase in production of coal ? (c) Estimate the trend.