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This Least Squares problem is ridiculously difficult numerically.
Dedicated statistics packages will refuse to do it at all, unless you first orthogonalize the predictors yourself. Excel dates are stored as the number of days since 1900, so the numeric values in column A are 27760, 27760, 28355, 28520, 28581, 28672, 28678, 28793, 28873 which has a coefficient of variation (relative standard deviation) <1.5%. Consequently the condition number of X'X for solving the normal equations is <3E+80, which means that Excel would potentially need between 5 and 6 times its actual precision for LINEST to reliably recognize that X'X is invertable. Correct coefficients are (to 15 digits; obtained algebraically in Maple) 1.13729790060870E+15 (intercept) -2.39465281115860E+11 (x) 2.10079765828648E+07 (x^2) -9.82899962202329E+02 (x^3) 2.58667425348765E-02 (x^4) -3.63042771974839E-07 (x^5) 2.12298835919803E-12 (x^6) From this, you can see that chart coefficients are accurate to around 4 figures on this problem (which indicates just how good the chart algorithm is). LINEST in Excel 2003 gives about 3 figure accuracy. Jerry Sanjay Kumar Limbikai wrote: Hello Jerry, Here is the data Date Data Points 01/01/1976 3138 01/01/1976 3247 08/18/1977 3163 01/30/1978 3185 04/01/1978 3014 07/01/1978 3199 07/07/1978 3116 10/30/1978 3185 01/18/1979 3074 Though this is the first few records of my data, I used to draw a chart of poly trend line of 6th order (Excell2002), and used to extract constants - =LINEST(B2:B10,A2:A10^{1,2,3,4,5,6}) the coefficients are different as of trend line equ. Sanjay |
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