Explore BrainMass
Share

Explore BrainMass

    Estimate the line using least squares principles

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The following table lists the annual amounts of glass cullet produced by Kimble Glass Works, Inc.

    Year Code Scrap (tons)

    1999 1 2.0
    2000 2 4.0
    2001 3 3.0
    2002 4 5.0
    2003 5 6.0

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

    © BrainMass Inc. brainmass.com October 9, 2019, 5:44 pm ad1c9bdddf
    https://brainmass.com/statistics/ordinary-least-squares/estimate-the-line-using-least-squares-principles-66457

    Solution Summary

    Estimate the line using least squares principles

    $2.19