Fit a straight line trend by the method of least squares and estimate the sales for 2004 and 2005. Years 1998 1999 2000 2001 2002 2003 Sales (in…
BBS Business Statistics · 2083 · Solved Question with Answer
Fit a straight line trend by the method of least squares and estimate the sales for 2004 and 2005.
| Years | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 |
| Sales (in '000Rs) | 40 | 52 | 54 | 52 | 50 | 53 |