Simple Methods and Procedures Used in Forecasting
Simple Methods and Procedures Used in Forecasting
Simple Methods and Procedures Used in Forecasting
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L<strong>in</strong>ear Trend Analysis<br />
L<strong>in</strong>ear trend equation:<br />
Y )<br />
)<br />
Y = 860988,43 −10405,27*<br />
t<br />
- Estimated or predicted value of born baby´s<br />
Interpretation of slope coefficient :<br />
Here b 1 = 10405,27 tells us that the average<br />
value of born baby´s decreases by 10405<br />
on average <strong>in</strong> each year .
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