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Forecasting by least square method

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The following gives the number of accidents that occurred on Florida State Highway 101 during the past 4 months:

MONTH NUMBER OF ACCIDENTS
January 30
February 40
March 60
April 90

Forecast the number of accidents that will occur in May, using Least-squares regression to derive a trend equation.

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Solution depicts the methodology to predict the number of accidents in the given month by least square regression equation.

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  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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