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Determine the least squares trend equation
Determine the least squares trend equation. Estimate the amount of scrap for the year 2005.
Year Code Scrap
1999 1 2.0
2000 2 4.0
2001 3 3.0
2002 4 5.0
2003 5 6.0
Determine a typical seasonal index for each of the four quarters.
Year I II III IV
2001 4 10 7 3
2002 5 12 9 4
2003 6 16 12 4
Quarter
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