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Solve the following problem : Fit a trend line to data by the method of least squares. Year 1977 1978 1979 1980 1981 1982 1983 1984 Number of boxes (in ten thousands) 1 0 3 8 10 4 5 8 - Mathematics and Statistics

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प्रश्न

Solve the following problem :

Fit a trend line to data by the method of least squares.

Year 1977 1978 1979 1980 1981 1982 1983 1984
Number of boxes (in ten thousands) 1 0 3 8 10 4 5 8
योग
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उत्तर

In the given problem, n = 8 (even), two middle t – values are 1980 and 1981, h – 1

u = `"t - mean of two middle values"/("h"/2) = ("t" - 1980.5)/(1/2)` = 2(t – 1980.5)

We obtain the following table.

Year
t
No. of boxes (in ten thousands) 
yt
u = 2(t –  1980.5) u2 uyt Trend Value
1977 1 –7 49 –7 1.5836
1978 0 –5 25 0 2.5240
1979 3 –3 9 –9 3.4644
1980 8 –1 1 –8 4.4048
1981 10 1 1 10 5.3452
1982 4 3 9 12 6.2856
1983 5 5 25 25 7.2260
1984 8 7 49 56 8.1664
Total 39 0 168 79  

From the table, n = 8, `sumy_"t" = 39, sumu = 0, sumu^2 = 168,sumuy_"t" = 79`

The two normal equations are: `sumy_"t" = "na"' + "b"' sumu  "and" sumuy_"t", = a'sumu + b'sumu^2`

∴ 39 = 8a' + b'(0)            ...(i)   and
79 = a'(0) + b'(168)         ...(ii)

From (i), a' = `(39)/(8)` = 4.875

From (ii), b' = `(79)/(168)` = 0.4702
∴  The equation of the trend line is yt = a' + b'u
i.e., yt = 4.875 + 0.4702 u, where u = 2(t – 1980.5).

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Measurement of Secular Trend
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 4: Time Series - Miscellaneous Exercise 4 [पृष्ठ ७०]

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बालभारती Mathematics and Statistics 2 (Commerce) [English] Standard 12 Maharashtra State Board
अध्याय 4 Time Series
Miscellaneous Exercise 4 | Q 4.11 | पृष्ठ ७०

संबंधित प्रश्न

Fit a trend line to the data in Problem 4 above by the method of least squares. Also, obtain the trend value for the index of industrial production for the year 1987.


Fit a trend line to the data in Problem 7 by the method of least squares. Also, obtain the trend value for the year 1990.


Obtain the trend values for the above data using 3-yearly moving averages.


Choose the correct alternative :

What is a disadvantage of the graphical method of determining a trend line?


The simplest method of measuring trend of time series is ______.


State whether the following is True or False :

Moving average method of finding trend is very complicated and involves several calculations.


Solve the following problem :

The following table shows the production of pig-iron and ferro- alloys (‘000 metric tonnes)

Year 1974 1975 1976 1977 1978 1979 1980 1981 1982
Production 0 4 9 9 8 5 4 8 10

Fit a trend line to the above data by graphical method.


Solve the following problem :

Following table shows the amount of sugar production (in lac tonnes) for the years 1971 to 1982.

Year 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982
Production 1 0 1 2 3 2 3 6 5 1 4 10

Fit a trend line to the above data by graphical method.


Solve the following problem :

The percentage of girls’ enrollment in total enrollment for years 1960-2005 is shown in the following table.

Year 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005
Percentage 0 3 3 4 4 5 6 8 8 10

Fit a trend line to the above data by graphical method.


Solve the following problem:

Following data shows the number of boxes of cereal sold in years 1977 to 1984.

Year 1977 1978 1979 1980 1981 1982 1983 1984
No. of boxes in ten thousand 1 0 3 8 10 4 5 8

Fit a trend line to the above data by graphical method.


Solve the following problem :

Following table shows the number of traffic fatalities (in a state) resulting from drunken driving for years 1975 to 1983.

Year 1975 1976 1977 1978 1979 1980 1981 1982 1983
No. of deaths 0 6 3 8 2 9 4 5 10

Fit a trend line to the above data by graphical method.


Solve the following problem :

Obtain trend values for data in Problem 13 using 4-yearly moving averages.


Obtain trend values for data in Problem 19 using 3-yearly moving averages.


The complicated but efficient method of measuring trend of time series is ______


State whether the following statement is True or False:

The secular trend component of time series represents irregular variations


State whether the following statement is True or False:

Least squares method of finding trend is very simple and does not involve any calculations


Following table shows the amount of sugar production (in lac tons) for the years 1971 to 1982

Year 1971 1972 1973 1974 1975 1976
Production 1 0 1 2 3 2
Year 1977 1978 1979 1980 1981 1982
Production 4 6 5 1 4 10

Fit a trend line by the method of least squares


The following table gives the production of steel (in millions of tons) for years 1976 to 1986.

Year 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986
Production 0 4 4 2 6 8 5 9 4 10 10

Obtain the trend value for the year 1990


Use the method of least squares to fit a trend line to the data given below. Also, obtain the trend value for the year 1975.

Year 1962 1963 1964 1965 1966 1967 1968 1969
Production
(million barrels)
0 0 1 1 2 3 4 5
Year 1970 1971 1972 1973 1974 1975 1976  
Production
(million barrels)
6 8 9 9 8 7 10  

The following table shows the production of gasoline in U.S.A. for the years 1962 to 1976.

Year 1962 1963 1964 1965 1966 1967 1968 1969
Production
(million barrels)
0 0 1 1 2 3 4 5
Year 1970 1971 1972 1973 1974 1975 1976  
Production
(million barrels)
6 7 8 9 8 9 10  
  1. Obtain trend values for the above data using 5-yearly moving averages.
  2. Plot the original time series and trend values obtained above on the same graph.

Following table shows the all India infant mortality rates (per ‘000) for years 1980 to 2010

Year 1980 1985 1990 1995
IMR 10 7 5 4
Year 2000 2005 2010  
IMR 3 1 0  

Fit a trend line by the method of least squares

Solution: Let us fit equation of trend line for above data.

Let the equation of trend line be y = a + bx   .....(i)

Here n = 7(odd), middle year is `square` and h = 5

Year IMR (y) x x2 x.y
1980 10 – 3 9 – 30
1985 7 – 2 4 – 14
1990 5 – 1 1 – 5
1995 4 0 0 0
2000 3 1 1 3
2005 1 2 4 2
2010 0 3 9 0
Total 30 0 28 – 44

The normal equations are

Σy = na + bΣx

As, Σx = 0, a = `square`

Also, Σxy = aΣx + bΣx2

As, Σx = 0, b =`square`

∴ The equation of trend line is y = `square`


Obtain trend values for data, using 3-yearly moving averages
Solution:

Year IMR 3 yearly
moving total
3-yearly moving
average

(trend value)
1980 10
1985 7 `square` 7.33
1990 5 16 `square`
1995 4 12 4
2000 3 8 `square`
2005 1 `square` 1.33
2010 0

Following table shows the amount of sugar production (in lakh tonnes) for the years 1931 to 1941:

Year Production Year Production
1931 1 1937 8
1932 0 1938 6
1933 1 1939 5
1934 2 1940 1
1935 3 1941 4
1936 2    

Complete the following activity to fit a trend line by method of least squares:


The complicated but efficient method of measuring trend of time series is ______.


Complete the following activity to fit a trend line to the following data by the method of least squares.

Year 1975 1976 1977 1978 1979 1980 1981 1982 1983
Number of deaths 0 6 3 8 2 9 4 5 10

Solution:

Here n = 9. We transform year t to u by taking u = t - 1979. We construct the following table for calculation :

Year t Number of deaths xt u = t - 1979 u2 uxt
1975 0 - 4 16 0
1976 6 - 3 9 - 18
1977 3 - 2 4 - 6
1978 8 - 1 1 - 8
1979 2 0 0 0
1980 9 1 1 9
1981 4 2 4 8
1982 5 3 9 15
1983 10 4 16 40
  `sumx_t` =47 `sumu`=0 `sumu^2=60` `square`

The equation of trend line is xt= a' + b'u.

The normal equations are,

`sumx_t = na^' + b^' sumu`              ...(1)

`sumux_t = a^'sumu + b^'sumu^2`      ...(2)

Here, n = 9, `sumx_t = 47, sumu= 0, sumu^2 = 60`

By putting these values in normal equations, we get

47 = 9a' + b' (0)       ...(3)

40 = a'(0) + b'(60)      ...(4)

From equation (3), we get a' = `square`

From equation (4), we get b' = `square`

∴ the equation of trend line is xt = `square`


Following table gives the number of road accidents (in thousands) due to overspeeding in Maharashtra for 9 years. Complete the following activity to find the trend by the method of least squares.

Year 2008 2009 2010 2011 2012 2013 2014 2015 2016
Number of accidents 39 18 21 28 27 27 23 25 22

Solution:

We take origin to 18, we get, the number of accidents as follows:

Year Number of accidents xt t u = t - 5 u2 u.xt
2008 21 1 -4 16 -84
2009 0 2 -3 9 0
2010 3 3 -2 4 -6
2011 10 4 -1 1 -10
2012 9 5 0 0 0
2013 9 6 1 1 9
2014 5 7 2 4 10
2015 7 8 3 9 21
2016 4 9 4 16 16
  `sumx_t=68` - `sumu=0` `sumu^2=60` `square`

The equation of trend is xt =a'+ b'u.

The normal equations are,

`sumx_t=na^'+b^'sumu             ...(1)`

`sumux_t=a^'sumu+b^'sumu^2      ...(2)`

Here, n = 9, `sumx_t=68,sumu=0,sumu^2=60,sumux_t=-44`

Putting these values in normal equations, we get

68 = 9a' + b'(0)     ...(3)

∴ a' = `square`

-44 = a'(0) + b'(60)          ...(4)

∴ b' = `square`

The equation of trend line is given by

xt = `square`


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