**Understanding Least Squares Regression: Application Question**Given the least squares regression equation: \[\hat{Y} = 1,206 + 1,137X\]When $ X = 3 $, what does $ \hat{Y} $ equal?### Multiple Choice Options- ⭘ 4,062- ⭘ 5,754- ⭘ 8,024- ⭘ 4,617**Instruction:**Use the given regression equation to calculate the predicted value of $ \hat{Y} $ by substituting $ X = 3 $ into the equation. After computing, select the correct answer from the options provided.

Answered: Image /qna-images/answer/9a331bdf-5624-4148-a53b-8826298a9bb9.jpg

Answered: Given the least squares regression…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

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Given the least squares regression equation, Y = 1,206 + 1,137X, when X=3, what does Y equal?