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Use the method of least squares to fit a trend line to the data in Problem 1 above. Also, obtain the trend value for the year 1975.
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The following table gives the production of steel (in millions of tonnes) 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 |
Fit a trend line to the above data by the graphical method.
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Choose the correct alternative :
Which of the following can’t be a component of a time series?
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Moving averages are useful in identifying ______.
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An overall upward or downward pattern in an annual time series would be contained in which component of the times series?
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Choose the correct alternative :
The following trend line equation was developed for annual sales from 1984 to 1990 with 1984 as base or zero year. Y = 500 + 60X (in 1000 Rs). The estimated sales for 1984 (in 1000 Rs) is:
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Which component of time series refers to erratic time series movements that follow no recognizable or regular pattern?
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Fill in the blank :
_______ component of time series is indicated by a smooth line.
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_______ component of time series is indicated by periodic variation year after year.
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_______ component of time series is indicated by a long wave spanning two or more years.
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Fill in the blank :
_______ component of time series is indicated by up and down movements without any pattern.
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State whether the following is True or False :
The secular trend component of time series represents irregular variations.
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State whether the following is True or False :
Seasonal variation can be observed over several years.
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Cyclical variation can occur several times in a year.
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Irregular variation is not a random component of time series.
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Solve the following LPP by graphical method:
Maximize z = 11x + 8y, subject to x ≤ 4, y ≤ 6, x + y ≤ 6, x ≥ 0, y ≥ 0
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Solve the following L.P.P. by graphical method :
Maximize : Z = 7x + 11y subject to 3x + 5y ≤ 26, 5x + 3y ≤ 30, x ≥ 0, y ≥ 0.
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Solve the following L.P.P. by graphical method:
Maximize: Z = 10x + 25y
subject to 0 ≤ x ≤ 3,
0 ≤ y ≤ 3,
x + y ≤ 5.
Also find the maximum value of z.
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Solve the following L.P.P. by graphical method :
Maximize: Z = 3x + 5y subject to x + 4y ≤ 24, 3x + y ≤ 21, x + y ≤ 9, x ≥ 0, y ≥ 0 also find maximum value of Z.
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Solve the following L.P.P. by graphical method :
Minimize : Z = 7x + y subject to 5x + y ≥ 5, x + y ≥ 3, x ≥ 0, y ≥ 0.
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