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Fit a straight line trend by using method of least squares. Year 1990 1991 1992 1993 1994 1995 Production 72 75 74 78 83 82

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in Statistics by (15 points)
Fit a straight line trend by using method of least squares.

Year

1990

1991

1992

1993

1994

1995

Production

72

75

74

78

83

82
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1 Answer

0 votes
by (17.0k points)
Benz, hello

Using the method of least squares, we get:

Production = 2.2286(Year) - 4363.1

Using this equation would produce:

1990 71.762

1991 73.99

1992 76.219

1993 78.448

1994 80.676

1995 82.905

Please let me know if this helps
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