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The trend of annual sales of BALCO is described by the equation Y=12 0.7x (Origin: 1970, X unit 1 year, Y unit - annual production Step the equation down to a month to month basis and haft the origin to 1st January 1970. (M.Com, Delhi) (Ans: Y= 0.9976 0.0049x?
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The trend of annual sales of BALCO is described by the equation Y=12 0...
Solution:

Converting the equation to a month to month basis and halving the origin to 1st January 1970:

- Since there are 12 months in a year, we can divide the annual sales equation by 12 to get the monthly sales equation: Y = 10.725 + 0.0583x
- To halve the origin, we need to subtract 1970 from the x value and then divide by 2: (x-1970)/2
- Substituting this value for x in the equation and simplifying, we get: Y = 0.9976 + 0.0049(x-1970)

Explanation:

The given equation represents the trend of annual sales of BALCO over the years. To convert this equation to a month to month basis, we need to divide the annual sales by 12. This gives us the monthly sales equation: Y = 10.725 + 0.0583x.

To halve the origin, we need to shift the starting point from 1970 to 1st January 1970. This means that we need to subtract 1970 from the x value and then divide by 2. Substituting this value for x in the equation and simplifying, we get the final equation: Y = 0.9976 + 0.0049(x-1970).

This equation represents the trend of monthly sales of BALCO from 1st January 1970 onwards. The constant term (0.9976) represents the initial monthly sales, while the coefficient of x (0.0049) represents the rate of increase in monthly sales per year.
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The trend of annual sales of BALCO is described by the equation Y=12 0.7x (Origin: 1970, X unit 1 year, Y unit - annual production Step the equation down to a month to month basis and haft the origin to 1st January 1970. (M.Com, Delhi) (Ans: Y= 0.9976 0.0049x?
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