You are placed in charge of a fledging furniture manufacturing plant where the annual production of the single seat ...

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     You are placed in charge of a fledging furniture manufacturing   plant where the annual production of the single seat rockers since 2000 is as   follows;              YEAR PRODUCTION         2000 400          2001 800          2002 500          2003 800          2004 1100          2005 900          2006 1100          2007 1400                     i. Plot the production data.        ii. Determine the least squares   equation.       iii. Determine the points on the line for   12000 and 2006.     iv. Based on the linear trend equation,   what is the estimated production for 2010?    

    • 8 years ago
    The least squares equation is Production = 458.33 + 119.05 * Year ...
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