Q) Fit a linear trend in the follwing data by the method of least squares and estimate th

X Y
Year Year Sales( In Thousands) XY X² Y²
2000 1 102 204000 4000000 10404
2001 2 105 210105 4004001 11025
2002 3 114 228228 4008004 12996
2003 4 110 220330 4012009 12100
120
2004 5 108 216432 4016016 11664
2005 6 116 232580 4020025 13456
115
2006 7 112 224672 4024036 12544
f(x) = 103.0141
SUM 767 1536347 28084091 84189 R² = 0.5194955
110

105
The expected sales in year 2018 is 103
100

The equation is Y = 103.01e^0.0152(x) 95

0 1 2

The equation is y = 103.01e^0

The expected sales in year 2018

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.715265976
R Square 0.511605416
Adjusted R 0.413926499
Standard Er 1.653786465
Observatio 7

ANOVA
df SS MS F Significance F
Regression 1 14.3249516441 14.32495 5.237624 0.070774
Residual 5 13.6750483559 2.73501
Total 6 28

Coefficients Standard Error t Stat P-value Lower 95%Upper 95%

Lower 95.0%
Intercept 1968.878143 14.9226804523 131.9386 4.74E-10 1930.518 2007.238 1930.518
Sales( In T 0.311411992 0.1360718169 2.288586 0.070774 -0.03837 0.661196 -0.03837
t squares and estimate the forecasted sales for the year 2018

Sales( In Thousands)
0

5
f(x) = 103.0141077708 exp( 0.0152060941 x )
R² = 0.5194955383
0

5
0 1 2 3 4 5 6 7 8

equation is y = 103.01e^0.0152(x)
pected sales in year 2018 is 103

Upper 95.0%
2007.23811444
0.6611957332