Below are given the annual production of sugar (in thousand tons) of a factory Year 2011 2012 2013 2014 2015 2016 2017 Production 77 88 94 85 91 98…
BBS Business Statistics · 2080 · Solved Question with Answer
Below are given the annual production of sugar (in thousand tons) of a factory
| Year | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| Production | 77 | 88 | 94 | 85 | 91 | 98 | 90 |
i. Fit a straight by the method of least square
ii. Obtain the trend values
iii. Plot the given figures on a graph and show the trend line
iv. What is the monthly increase in production?
v. Estimate production of sugar for the year 2020.