Fit a least-squares trend line to the data, Basic Statistics

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Fit a least-squares trend line to the data

The data given below represent the annual gross revenue (N'millions) obtained by a telephone company over the periods 1987 - 1996:

Year Gross Revenue (N'million)
1987 13.0
1988 14.1
1989 15.7
1990 17.0
1991 18.4
1992 20.9
1993 23.5
1994 26.2
1995 29.0
1996 32.8

(a) Plot the data on a graph paper
(b) Fit a least-squares trend line to the data and plot the line on your graph
(c) What are your trend forecasts for the years 1999, 2001, 200, and 2006?

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Basic Statistics: Fit a least-squares trend line to the data

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Basic Statistics: Fit a least-squares trend line to the data

Reference No:- TGS098779

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Recent Questions Asked Basic Statistics

Q : Different roles of a training professional

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Fit a least-squares trend line to the data

Reference No:- TGS098779

Recent Questions Asked Basic Statistics

Q : Different roles of a training professional

Q : Evaluation methods of women business owners

Q : Lack of availability of hard currency

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Q : Discuss the constitution a little bit

Q : Implementation to ensure a successful conversion

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