QUESTION FIVE (a) You are given below the figures of annual production (in thousand tonnes) of a sugar factory: i. ii. Year Production 1998 1999 2000 70 75 90 2001 2002 91 95 2003 98 2004 100 Fit a straight line trend by the method of least squares and tabulate the trend values. Estimate the likely production for the year 2007 Convert the annual trend equation into the monthly trend equation

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QUESTION FIVE
(a) You are given below the figures of annual production (in thousand tonnes) of a sugar
factory:
i.
ii.
iii.
Year
Production
1998 1999 2000
70
75
90
Year
1
2001 2002
91
95
Fit a straight line trend by the method of least squares and tabulate the trend values.
Estimate the likely production for the year 2007
Convert the annual trend equation into the monthly trend equation
(b) The inflow of tourists (in thousands of units) to a state are summarized below:
Quarter
2
3
1
54
34
10
4
46
Perform the steps of time series to get the following:
i.
Deseasonalized forecast
ii.
Trend forecast
iii. Cyclical component
2
50
59
82
86
2003
98
3
106
78
98
114
2004
100
4
70
62
86
110
Transcribed Image Text:QUESTION FIVE (a) You are given below the figures of annual production (in thousand tonnes) of a sugar factory: i. ii. iii. Year Production 1998 1999 2000 70 75 90 Year 1 2001 2002 91 95 Fit a straight line trend by the method of least squares and tabulate the trend values. Estimate the likely production for the year 2007 Convert the annual trend equation into the monthly trend equation (b) The inflow of tourists (in thousands of units) to a state are summarized below: Quarter 2 3 1 54 34 10 4 46 Perform the steps of time series to get the following: i. Deseasonalized forecast ii. Trend forecast iii. Cyclical component 2 50 59 82 86 2003 98 3 106 78 98 114 2004 100 4 70 62 86 110
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