The following table lists the annual amounts of glass cullet produced by Kimble Glass Works, Inc. Year Code Scrap (tons) 1999 1 2.0 2000 2 4.0 2001 3 3.0 2002 4 5.0 2003 5 6.0 Determine the least squares trend equation. Estimate the amount of scrap for the year 2005.
arenceabigns
Answered question
2021-04-25
The following table lists the annual amounts of glass cullet produced by Kimble Glass Works, Inc.
Determine the least squares trend equation. Estimate the amount of scrap for the year 2005.
Answer & Explanation
Nathaniel Kramer
Skilled2021-04-27Added 78 answers
First we have to draw a graph by then we can observethat this graph shows a straight line. So we have tofit a strainght line
Y= a+bX
where y is the scrap in tons and X is the years, take years as 1, 2, 3, 4, and 5 then
total
we know that the normal equations for straight line are
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