मराठी
महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

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

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प्रश्न

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

तक्ता
बेरीज
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उत्तर

In the given problem, n = 11 (odd), middle t- values is 1981, h = 1

u = `("t" - "middle t value")/"h"`

= `("t" - 1981)/1`

= t – 1981

We obtain the following table:

Year 

t

Production

yt

u = t − 1981 u2 uyt Trend Value
1976 0 − 5 25 0 1.6819
1977 4 − 4 16 − 16 2.4728
1978 4 − 3 9 − 12 3.2637
1979 2 − 2 4 − 4 4.0546
1980 6 − 1 1 − 6 4.8455
1981 8 0 0 0 5.6364
1982 5 1 1 5 6.4273
1983 9 2 4 18 7.2182
1984 4 3 9 12 8.0091
1985 10 4 16 40 8.8
1986 10 5 25 50 9.5909
Total 62 0 110 87 87

From the table, n = 11, ∑yt = 62, ∑u = 0, ∑u2 = 110, ∑uyt = 87

The two normal equations are:

∑yt = na' + b'∑u and ∑uyt = a'∑u + b'∑u2

∴ 62 = 11a' + b'(0)   .....(i)

and

87 = a'(0) + b'(110)  .....(ii)

From (i), a′ = `62/11` = 5.6364

From (ii), b′ = `87/110` = 0.7909

∴ The equation of the trend line is yt = a′ + b′u

i.e., yt = 5.6364+ 0.7909 u,

where u = t – 1981

Now, for t = 1990,

u = 1990 – 1981

= 9

∴ yt = 5.6364 + 0.7909 × 9

= 12.7545

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Measurement of Secular Trend
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2.4: Time Series - Q.4

संबंधित प्रश्‍न

Obtain the trend line for the above data using 5 yearly moving averages.


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.


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 1970 1971 1972 1973 1974 1975 1976
Production
(Million Barrels)
0 0 1 1 2 3 4 5 6 7 8 9 8 9 10

i. Obtain trend values for the above data using 5-yearly moving averages.
ii. Plot the original time series and trend values obtained above on the same graph.


Choose the correct alternative :

Which of the following is a major problem for forecasting, especially when using the method of least squares?


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


State whether the following is True or False :

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


State whether the following is True or False :

All the three methods of measuring trend will always give the same results.


Solve the following problem :

Fit a trend line to data in Problem 4 by the method of least squares.


Solve the following problem :

Fit a trend line to the data in Problem 7 by the method of least squares.


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

Solve the following problem :

Fit a trend line to data in Problem 13 by the method of least squares.


Solve the following problem :

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


Solve the following problem :

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

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

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


Solve the following problem :

Fit a trend line to data in Problem 16 by the method of least squares.


The simplest 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


Obtain trend values for data, using 4-yearly centred moving averages

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

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

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

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.

Obtain the trend values for the following data using 5 yearly moving averages:

Year 2000 2001 2002 2003 2004
Production
xi
10 15 20 25 30
Year 2005 2006 2007 2008 2009
Production
xi
35 40 45 50 55

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`


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