The following data shows the percentage of urban Indian households who have a high speed 5G internet connection:
|
Year (x) |
2020 |
2021 |
2022 |
2023 |
2024 |
|
Urban house hold (y) |
9% |
18% |
21% |
29% |
38% |
If a straight line trend by the method of least square for the above data is $y = 23+ 6.9 (x-2022)$, then the forecast for the year 2025 is:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 43.7%
Given trend line: y = 23 + 6.9(x − 2022)
For the year 2025, x = 2025
y = 23 + 6.9(2025 − 2022)
y = 23 + 6.9 × 3
y = 23 + 20.7
y = 43.7%
Forecasted percentage of urban households with 5G in 2025 ≈ 43.7%