Question: (c) A textile firm is concerned about the continuous increase in manufacturing costs due to heavy duties on the purchase of raw-materials. The following figures

(c) A textile firm is concerned about the continuous increase in manufacturing costs due to heavy duties on the purchase of raw-materials. The following figures provide a time- series of the cost per unit for the firm's leading product over the past eight years. Year Cost Unit Year Cost/Unit (S) 1 20 5 27.6 2 22.5 6 30 3 24.5 7 31.5 26.5 8 35.5 Develop the linear trend equation for this time series

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