Determine the least square trend equation. estimate the, Ask an Expert

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The number of Employees of a major high tech company for 1999-2004 is given below:

Year Employees (in 000)

1 45, 600
2 42,200
3 41,100
4 39, 300
5 34,300
6 30,300

Determine the least square trend equation.

Estimate the number of employees in 2008.

By how much the number of employees decreases (or increases) per year on the average?

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Category:- Statistics and Probability
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