Question:
Consider the following data:Year 2012 2013 2014 2015 2016 Sales (in crores) 8 10 7 9 12
The equation of the straight line trend by the method of least squares is :
Consider the following data:
| Year | 2012 | 2013 | 2014 | 2015 | 2016 |
| Sales (in crores) | 8 | 10 | 7 | 9 | 12 |
The equation of the straight line trend by the method of least squares is :
Updated On: May 21, 2024
- y=0.7+9.5x
- y=10.3+0.5x
- y=9.2+0.7x
- y=11.5+0.6x
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The Correct Option is C
Solution and Explanation
The correct option is (C):
y=9.2+0.7x
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