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Least Square Equations

The following tables lists the annual amounts of glass cullet produced by Kimble Glass Works, Inc.
year code scrap(tons)
1999 1 2
2000 2 4
2001 3 3
2002 4 5
2003 5 6

Determine the least squares trend equation. Estimate the amount of scrap for the year 2005

Solution Summary

The solution estimates the least square equation trend using the data given.

$2.19