Answer to Question #151984 in Finance for Munga

Question

Using linear trend analysis find the trend line for number of covid 19 cases in Delhi and forecast for next 3 days.Also compute the Mean Square Error

Answer 1

A trend line is a line drawn over pivot highs or under pivot lows to show the prevailing direction of covid 19 cases over some period of time.

Mean squared error measures the average of the squares of the errors—that is, the average squared difference between the estimated values and the actual value.