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    Least Square Equations

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    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

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    https://brainmass.com/business/business-management/121170

    Solution Summary

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

    $2.49

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