Consider the following data :
A straight line trend by the method of least square is : |
$y=11.6 + 4.4 x$ $y=23.2+10.4x$ $y=11.6+5.2x$ $y=4.4+11.6x$ |
$y=11.6+5.2x$ |
The correct answer is Option (3) → $y=11.6+5.2x$ The straight line trend equations, $y=a+bx$ $∑x=(-2)+(-1)+0+1+2=0$ $∑y=3+6+9+16+24=58$ $∑xy=(-2)(3)+(-1)(6)+(0)(9)+(1)(16)+(2)(24)=52$ $∑x^2=(-2)^2+(-1)^2+0^2+1^2+2^2=10$ $b=\frac{∑xy}{∑x^2}=\frac{52}{10}=5.2$ $a=\frac{∑y}{n}=\frac{58}{5}=11.6$ $y=11.6+5.2x$ |