3. Fit a straight line trend using the method of least squares and estimate the profits for the year 1990. Year: 1981 1982 1983 1984 1985 1986 1987 Profits (Rs '000): 57 65 63 72 69 78 82

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 67E
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3. Fit a straight line trend using the method of least squares and estimate the profits for the year
1990.
Year:
1981
1982
1983
1984
1985
1986
1987
Profits (Rs 000):
57
65
63
72
69
78
82
Transcribed Image Text:3. Fit a straight line trend using the method of least squares and estimate the profits for the year 1990. Year: 1981 1982 1983 1984 1985 1986 1987 Profits (Rs 000): 57 65 63 72 69 78 82
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