straight line trend and estimation of Expected Profit

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Bachelor of Commerce – B.Com Part 2 (Second Year) Solved Assignments for 2020 Annual Examinations

SOL Solved Assignment

Code : 52411202
Course Title : Business Mathematics and Statistics

52411202: Business Mathematics and Statistics Solved Assignment for 2020

Question 4. (b)Fit a straight line trend to the following data and estimate the expected profit for the year 2020. What is the average annual change in profit?

Year 2014 2015 2016 2017 2018 2019
Sales (in ‘000 of Rs.) 15 17 20 21 23 24

ANSWER: estimated expected sales for the year 2020 is Rs.26,398
average annual change in sale is Rs.1828



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