Homework Help is Here – Start Your Trial Now!
Math
Statistics
1. Using a data set with 4 predictor variable data set, an analyst decided to use regression as model to fit the data and explain the response variable. Using all the data he determined the following regression Ŷ = bo + b₁X₁ + b₂X2 + b3X3 + b4X4 +b5X5 He then determined a scatter plot matrix and the scatter between X5 and Y resulted in the scatter plot below. 100 400 I 100 1.1. Do you think the regression line is a good fit? Why? 1.2. What remedy would you propose? 1.3. Give the new regression that will be used.

1. Using a data set with 4 predictor variable data set, an analyst decided to use regression as model to fit the data and explain the response variable. Using all the data he determined the following regression Ŷ = bo + b₁X₁ + b₂X2 + b3X3 + b4X4 +b5X5 He then determined a scatter plot matrix and the scatter between X5 and Y resulted in the scatter plot below. 100 400 I 100 1.1. Do you think the regression line is a good fit? Why? 1.2. What remedy would you propose? 1.3. Give the new regression that will be used.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
1. Using a data set with 4 predictor variable data set, an analyst decided to use regression as model to fit the data and explain the response variable. Using all the data he determined the following regression Ŷ bo + b₁X₁ + b₂X₂ + b3X3 + b4X4 + b5X5 He then determined a scatter plot matrix and the scatter between X5 and Y resulted in the scatter plot below. 7 100 1.1. Do you think the regression line is a good fit? Why? 1.2. What remedy would you propose? 1.3. Give the new regression that will be used. 1.4. If the following observations of X5 were taken, show which values will now the regression? 1 8.25 2 8.50 3 11.50 4 10.25 used in
Transcribed Image Text:1. Using a data set with 4 predictor variable data set, an analyst decided to use regression as model to fit the data and explain the response variable. Using all the data he determined the following regression Ŷ bo + b₁X₁ + b₂X₂ + b3X3 + b4X4 + b5X5 He then determined a scatter plot matrix and the scatter between X5 and Y resulted in the scatter plot below. 7 100 1.1. Do you think the regression line is a good fit? Why? 1.2. What remedy would you propose? 1.3. Give the new regression that will be used. 1.4. If the following observations of X5 were taken, show which values will now the regression? 1 8.25 2 8.50 3 11.50 4 10.25 used in
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar 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
SEE MORE TEXTBOOKS