The table below² shows the median monthly rent (in January) for a one-bedroom apartment in the Hyde Park neighborhood of Chicago, IL, over eight years: 2021 2022 Median Rent ($) | 1,039 | 1,093 | 1,270 | 1,457 || 1,476 | 1,427 || 1,517 | 1,556 Year 2015 2016 2017 2018 2019 2020 Use the methods discussed in class to find the line, y = b+mx, that best (a) fits the data above. (Feel free to use a calculator to help with multiplying matrices.) Use your answer to part (a) to predict the median monthly rent for a one- (b) bedroom apartment in Hyde Park in January, 2023.
The table below² shows the median monthly rent (in January) for a one-bedroom apartment in the Hyde Park neighborhood of Chicago, IL, over eight years: 2021 2022 Median Rent ($) | 1,039 | 1,093 | 1,270 | 1,457 || 1,476 | 1,427 || 1,517 | 1,556 Year 2015 2016 2017 2018 2019 2020 Use the methods discussed in class to find the line, y = b+mx, that best (a) fits the data above. (Feel free to use a calculator to help with multiplying matrices.) Use your answer to part (a) to predict the median monthly rent for a one- (b) bedroom apartment in Hyde Park in January, 2023.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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