Estimate the parameters in the linear equation Y = + X + using the data

Estimate the parameters in the linear equation Y = α + βX + ε using the data in Table 9.12.

Now plot these data and draw in your fitted line. Explain why you either do or do not think that the fitted line gives an accurate description of the relationship between X and Y.

Table 9.12

Transcribed Image Text:

X Y 1.0 0.8 2.0 1.9 3.0 3.0 4.0 4.1 5.0 5.2 30.0 3.0