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If you are using the method of least squares for fitting trends in an annual time series containing 25 consecutive yearly values,

a) what coded value do you assign to X for the first year in the series?

b) what coded value do you assign to X for the fifth year in the series?

c) what coded value do you assign to X for the most recent recorded year in the series?

d) what coded value do you assign to X if you want to project the trend and make a forecast five years beyond the last observed value?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91014773

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