If $y = 70+ 0.964(x-2014)$ be a straight line trend fitted by the method of the least squares to the above data, then the trend value for the year 2015 is: |
70.96 72.12 76.12 75.54 |
70.96 |
The correct answer is Option (1) → 70.96 Given trend equation: $y = 70 + 0.964(x - 2014)$ For the year 2015, $x = 2015$: $y = 70 + 0.964 (2015 - 2014) = 70 + 0.964 * 1 = 70.964$ |