Homework answers / question archive / Determine the least squares trend equation

Determine the least squares trend equation

Statistics

Share With

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