Problem:
The following table gives the annual amount of scrap produced by Machine Products, Inc.
|
Year
|
Code
|
Scrap
(tons)
|
|
1997
|
1
|
2.0
|
|
1998
|
2
|
4.0
|
|
1999
|
3
|
3.0
|
|
2000
|
4
|
5.0
|
|
2001
|
5
|
6.0
|
Determine the least squares trend equation. Estimate the amount of scrap for the year 2003.