. The following data show a hypothetical index of economic activity and the sales revenue for a form over a 14-year period: Index of economic activity Sales revenue (RM'000) 1,188 1,224 1,243 1,239 1,242 1,138 1,481 1,562 1,554 1,566 1,598 1,562 1,609 1,499 103 104 104 105 105 107 108 108 109 109 110 111 112 112 Required: Identify the least squares regression equation that best fits for these data and comment on your result.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
b. The following data show a hypothetical index of economic activity and the sales revenue for a
form over a 14-year period:
Index of economic activity
Sales revenue
(RM'000)
1,188
1,224
1,243
1,239
1,242
1,138
1,481
1,562
1,554
1,566
1,598
1,562
1,609
1,499
103
104
104
105
105
107
108
108
109
109
110
111
112
112
Required:
Identify the least squares regression equation that best fits for these data and comment on your
result.
Transcribed Image Text:b. The following data show a hypothetical index of economic activity and the sales revenue for a form over a 14-year period: Index of economic activity Sales revenue (RM'000) 1,188 1,224 1,243 1,239 1,242 1,138 1,481 1,562 1,554 1,566 1,598 1,562 1,609 1,499 103 104 104 105 105 107 108 108 109 109 110 111 112 112 Required: Identify the least squares regression equation that best fits for these data and comment on your result.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman