196919741979198419891994199920042009201450th47,896 48,483 50,03048,65053,29050,96857,826 55.56954,94453,657Percentile1. Using R software or EXCEL, find the equation of the best fit line using a leastsquares linear regression model for the data with h representing the HouseholdIncome and t representing the year since 1969,2. Use the equations found in part (1), to predict the 50th percentile HouseholdIncome in 2017. Explain why the model may or may not be accurate predictor forHousehold Income in the year 2017.3. Use the equations found in part (1), to predict the 50h percentile HouseholdIncome in 2025. Explain why the model may or may ot be accurate predictor forHousehold Income in the year 2025.

Introduction: The response variable is the 50th percentile household income, h, and the explanatory…

Answered: 1969 1974 1979 1984 1989 1994 1999 2004…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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