Question: If using the method of least squares for fitting trends in an annual time series containing 32 consecutive yearly values: a. What coded value do
If using the method of least squares for fitting trends in an annual time series containing 32 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 eleventh 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 three years beyond the last observed value?
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