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Least squares method for estimating the trend values -

Least squares method for estimating the trend values.

Problem:

Below are given the figures of production (in thousand quintals ) of sugar factory:

Year : 1973 1975 1976 1977 1978 1979 1982

Production : 77 88 94 85 91 98 90

Estimate the trend and plot on the graph.

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