The following table gives the annual amount of scrap produced by Machine Products, Inc. Determine th
Question: The following table gives the annual amount of scrap produced by Machine Products, Inc. Determine the least squares trend equation. Estimate the amount of scrap for the year 2003.
| Year | Code | Scrap (tons) |
| 1997 | 1 | 2.0 |
| 1998 | 2 | 4.0 |
| 1999 | 3 | 3.0 |
| 2000 | 4 | 5.0 |
| 2001 | 5 | 6.0 |
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Solution Format: Word Document
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