onsider the following data for an independent variable X and a dependent variable Y. 12.4 0.3 18.3 9.7 17.1 -2.7 X y -0.6 3.9 -8.9 -4.5 uppose that a simple linear regression model is used to estimate the relationship between X and Y, using,

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How to use the model to estimate the value of y if you are given that x = 10.

Consider the following data for an independent variable X and a dependent variable Y.
12.4 0.3 18.3 9.7
17.1
-0.6 3.9
X
bx.
y
-8.9
-2.7
-4.5
Suppose that a simple linear regression model is used to estimate the relationship between X and Y, using y = a +
Transcribed Image Text:Consider the following data for an independent variable X and a dependent variable Y. 12.4 0.3 18.3 9.7 17.1 -0.6 3.9 X bx. y -8.9 -2.7 -4.5 Suppose that a simple linear regression model is used to estimate the relationship between X and Y, using y = a +
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Step 1

Given That :

X Y
12.4 -0.6
0.3 3.9
18.3 -8.9
9.7 -2.7
17.1 -4.5
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