Construct a scatter plot for the data in the following table. a. Plot the following two lines
Question:
a. Plot the following two lines on your scatter plot:
y = 3 - x and y = 1 + x
b. Which of these lines would you choose to characterize the relationship between x and y? Explain.
c. Show that the sum of the errors of prediction for both of these lines equals 0.
d. Which of these lines has the smaller SSE?
e. Find the least squares line for the data and compare it to the two lines described in part a.
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Related Book For
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
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