If you are using the method of least squares for fitting trends in an annual time series
Question:
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?
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Related Book For
Statistics For Managers Using Microsoft Excel
ISBN: 772
7th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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