Find the trend line equation and obtain the trend values for the followin data using the method of least square. Also forecast the earning for 2000. Year : Earning (in '000 Rs.) : 38 1991 | 1992 1993 | 1994 | 1995 | 1996 | 1997 | 1998 40 65 72 69 60 87 95

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Find the trend line equation and obtain the trend values for the following
data using the method of least square. Also forecast the earning for 2000.
Year :
1991 |
1992 | 1993
| 1994 1995
| 1996 | 1997 | 1998
69
Earning (in '000 Rs.) :
38
40
65
72
60
87
95
Transcribed Image Text:Find the trend line equation and obtain the trend values for the following data using the method of least square. Also forecast the earning for 2000. Year : 1991 | 1992 | 1993 | 1994 1995 | 1996 | 1997 | 1998 69 Earning (in '000 Rs.) : 38 40 65 72 60 87 95
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman