Question: 1. Graph the data (scatter diagram) 2. Use the method of least squares to derive a trend equation and trend values 3. Use check column
1. Graph the data (scatter diagram)
2. Use the method of least squares to derive a trend equation and trend values
3. Use check column to verify computations (Y-Yc)=0
4. Superimpose trend equation on scatter diagram.
5. Use your model to predict the movement of the variable for the next year.
6. Compare your predictions with the actual behavior of the variable during the 21styear
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