Using the data below: Daily Income, $ 45 59 35 49 25 42 39 Daily Food Expenditure, $ 20 28 17 21 25 20 23 a) Find the least square regression equation to predict daily food expenditure based on daily income. b)Predict the daily food expenditure of an individual whose daily income is $40. c) Compute the coefficient of determination and the correlation coefficient of your regression model.
Using the data below: Daily Income, $ 45 59 35 49 25 42 39 Daily Food Expenditure, $ 20 28 17 21 25 20 23 a) Find the least square regression equation to predict daily food expenditure based on daily income. b)Predict the daily food expenditure of an individual whose daily income is $40. c) Compute the coefficient of determination and the correlation coefficient of your regression model.
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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Question
Using the data below:
Daily Income, $ |
45 |
59 |
35 |
49 |
25 |
42 |
39 |
Daily Food Expenditure, $ |
20 |
28 |
17 |
21 |
25 |
20 |
23 |
a) Find the least square regression equation to predict daily food expenditure based on daily income.
b)Predict the daily food expenditure of an individual whose daily income is $40.
c) Compute the coefficient of determination and the
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