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CUET · MATHS · PYQ PAPER 2025

Data available for profit (₹ Thousands) of a company as
Year2004200520062007200820092010
Profit(000)114130126144138156164
Based on the above data using least square method the trend value for the year ‘2007’ is

  1. A 147.64
  2. B 138.86
  3. C 130.57
  4. D 131.22
Verified Solution

Answer & Solution

Correct Answer

(B) 138.86

Step-by-step Solution

Detailed explanation

Set \(x\) for years (deviation from 2007): \(-3, -2, -1, 0, 1, 2, 3\). \(n = 7\). \(\Sigma y = 114+130+126+144+138+156+164 = 972\). For a linear trend \(y = a + bx\) where \(\Sigma x = 0\), the intercept \(a = \frac{\Sigma y}{n}\). \(a = \frac{972}{7} \approx 138.85714\). For…