Question 53
MediumOriginal questionA straight-line trend is fitted by least squares to the sales 10, 12, 15, 17 and 21 for 2021 to 2025, with measured in years from 2023. What is ?
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
With running , , and the first normal equation becomes .
, the mean of the sales.
Worth noting
75 is before dividing by the 5 years.
- Concept
- The intercept when the years are centred
- Typical timeTypical
- 90 s
- Your timeYours
- —
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