The following table shows the profit (Rs. millions) of a ABC company: Year 2015 2016 2017 2018 2019 2020 2021 2022 2023 Profit 16 20 25 28 30 27 29…
BBS Business Statistics · 2082 · Solved Question with Answer
The following table shows the profit (Rs. millions) of a ABC company:
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Profit | 16 | 20 | 25 | 28 | 30 | 27 | 29 | 32 | 25 |
Fit a straight line trend by least square method. Calculate the trend values. Estimate the profit for the year 2024.