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Question
Choose the correct alternative:
Least square method of fitting a trend is
Options
Most exact
Least exact
Full of subjectivity
Mathematically unsolved
Solution
Most exact
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RELATED QUESTIONS
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The annual production of a commodity is given as follows:
| Year | production (in tones) |
| 1995 | 155 |
| 1996 | 162 |
| 1997 | 171 |
| 19988 | 182 |
| 1999 | 158 |
| 2000 | 880 |
| 2001 | 178 |
Fit a straight line trend by the method of least squares
Calculate the seasonal indices from the following data using the average method:
| Year | I Quarter | II Quarter | III Quarter | IV Quarter |
| 2008 | 72 | 68 | 62 | 76 |
| 2009 | 78 | 74 | 78 | 72 |
| 2010 | 74 | 70 | 72 | 76 |
| 2011 | 76 | 74 | 74 | 72 |
| 2012 | 72 | 72 | 76 | 68 |
The following table shows the number of salesmen working for a certain concern:
| Year | 1992 | 1993 | 1994 | 1995 | 1996 |
| No. of salesman |
46 | 48 | 42 | 56 | 52 |
Use the method of least squares to fit a straight line and estimate the number of salesmen in 1997
Choose the correct alternative:
A time series is a set of data recorded
Using three yearly moving averages, Determine the trend values from the following data.
| Year | Profit | Year | Profit |
| 2001 | 142 | 2007 | 241 |
| 2002 | 148 | 2008 | 263 |
| 2003 | 154 | 2009 | 280 |
| 2004 | 146 | 2010 | 302 |
| 2005 | 157 | 2011 | 326 |
| 2006 | 202 | 2012 | 353 |
The sum of the series `log_4 2 - log_8 2 + log_16 2 + ...............` to `oo` is
Sum of the first n terms of the series `1/2 + 3/4 + 7/8 + 15/16 +`......... is equal to:
