The market value of a cement production company for the past 8 years is shown in the table below. a) Determine the simple linear regression equation. b) What will be your prediction of share values for year 2022 and 2025? c) Draw the scatter plot along with the regression line. Share Value Year (In million dollars) 2014 12 2015 25 2016 37 2017 49 2018 56 2019 65 2020 78 2021 86

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question

6

Question Number 06:
The market value of a cement production company for the past 8 years is shown in the table below.
a) Determine the simple linear regression equation.
b) What will be your prediction of share values for year 2022 and 2025?
c) Draw the scatter plot along with the regression line.
Share Value
Year
(In million dollars)
2014
12
2015
25
2016
37
2017
49
2018
56
2019
65
2020
78
2021
86
Transcribed Image Text:Question Number 06: The market value of a cement production company for the past 8 years is shown in the table below. a) Determine the simple linear regression equation. b) What will be your prediction of share values for year 2022 and 2025? c) Draw the scatter plot along with the regression line. Share Value Year (In million dollars) 2014 12 2015 25 2016 37 2017 49 2018 56 2019 65 2020 78 2021 86
Expert Solution
steps

Step by step

Solved in 4 steps with 5 images

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
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