Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Index Numbers and Time Based Data

Question:

A public relation firm wishes to estimate the trend in their sales on the basis of the given data :

Year(x) 2001 2002 2003 2004 2005
Sales (y) (in Lakh Rupees) 15 20 25 22 43

The trend analysis team is using method of least squares to fix the straight line trend. Then for the best fitted trend line equation $y_c=a+bx,$ the value of a is :

Options:

20

22

23

25

Correct Answer:

25