If you are using the method of least squares for fitting trends in an annual time series
Question:
If you are using the method of least squares for fitting trends in an annual time series containing 25 consecutive yearly values,
1. what coded value do you assign to X for the first year in the series?
2. what coded value do you assign to X for the fifth year in the series?
3. what coded value do you assign to X for the most recent recorded year in the series?
4. what coded value do you assign to X if you want to project the trend and make a forecast five years beyond the last observed value? Explain.
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Related Book For
Basic Business Statistics Concepts And Applications
ISBN: 9780132168380
12th Edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
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