Example 18.12 Fit a straight line trend by the method of least square to the following data : Year 1991 1992 1993 1994 1995 1996 Production (in tonnes) 24 25 29 26 22 24 Estimate the likely production for the year 1998.

College Algebra
1st Edition
ISBN:9781938168383
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Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 5SE: What does the y -intercept on the graph of a logistic equation correspond to for a population...
Question
Example 18.12 Fit a straight line trend by the method of least square to the following data :
Year
1991
1992
1993
1994
1995
1996
Production (in tonnes)
24
25
29
26
22
24
Estimate the likely production for the year 1998.
Transcribed Image Text:Example 18.12 Fit a straight line trend by the method of least square to the following data : Year 1991 1992 1993 1994 1995 1996 Production (in tonnes) 24 25 29 26 22 24 Estimate the likely production for the year 1998.
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