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Chartered Professional Accountants of Canada reported that the average amount of planned spending on gifts for the holiday son in 2018 was $643. In the U.S., however, the average amount of planned spending on gifts for a recent holiday season was USD ,with 40% of those purchases being made from catalogues. Shown below are the average amounts of planned spending on gifts for holiday season for 11 years along with the associated percentages to be made from catalogues. Percentage of Purchases to Be Average ear Spending ($U.S.) Made from Catalogues 1 1,037 44 976 42 1,004 47 942 47 907 50 859 51 431 43 417 36 658 26 646 42 1 854 40 elop a regression model to predict the amount of planned spending in a given year by the associated percentage to be made from logues for that year. Comment on the strength of the model and the output. und your answers to 5 decimal places, e.g. 1.75892.) ound your answer to 4 decimal places, e.g. 1.7589.) +

Chartered Professional Accountants of Canada reported that the average amount of planned spending on gifts for the holiday son in 2018 was $643. In the U.S., however, the average amount of planned spending on gifts for a recent holiday season was USD ,with 40% of those purchases being made from catalogues. Shown below are the average amounts of planned spending on gifts for holiday season for 11 years along with the associated percentages to be made from catalogues. Percentage of Purchases to Be Average ear Spending ($U.S.) Made from Catalogues 1 1,037 44 976 42 1,004 47 942 47 907 50 859 51 431 43 417 36 658 26 646 42 1 854 40 elop a regression model to predict the amount of planned spending in a given year by the associated percentage to be made from logues for that year. Comment on the strength of the model and the output. und your answers to 5 decimal places, e.g. 1.75892.) ound your answer to 4 decimal places, e.g. 1.7589.) +

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
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The Chartered Professional Accountants of Canada reported that the average amount of planned spending on gifts for the holiday season in 2018 was $643. In the U.S., however, the average amount of planned spending on gifts for a recent holiday season was USD 854, with 40% of those purchases being made from catalogues. Shown below are the average amounts of planned spending on gifts for the holiday season for 11 years along with the associated percentages to be made from catalogues. Percentage of Average Spending ($U.S.) Purchases to Be Year Made from Catalogues 1 1,037 44 976 42 1,004 47 4 942 47 907 50 6 859 51 7 431 43 8. 417 36 9. 658 26 10 646 42 11 854 40 Develop a regression model to predict the amount of planned spending in a given year by the associated percentage to be made from catalogues for that year. Comment on the strength of the model and the output. * Round your answers to 5 decimal places, e.g. 1.75892.) **Round your answer to 4 decimal places, e.g. 1.7589.) + x* r2 = ** LO
Transcribed Image Text:The Chartered Professional Accountants of Canada reported that the average amount of planned spending on gifts for the holiday season in 2018 was $643. In the U.S., however, the average amount of planned spending on gifts for a recent holiday season was USD 854, with 40% of those purchases being made from catalogues. Shown below are the average amounts of planned spending on gifts for the holiday season for 11 years along with the associated percentages to be made from catalogues. Percentage of Average Spending ($U.S.) Purchases to Be Year Made from Catalogues 1 1,037 44 976 42 1,004 47 4 942 47 907 50 6 859 51 7 431 43 8. 417 36 9. 658 26 10 646 42 11 854 40 Develop a regression model to predict the amount of planned spending in a given year by the associated percentage to be made from catalogues for that year. Comment on the strength of the model and the output. * Round your answers to 5 decimal places, e.g. 1.75892.) **Round your answer to 4 decimal places, e.g. 1.7589.) + x* r2 = ** LO
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