In problem 12.10, you were asked to develop the equation of a regression model to predict the
Question:
In problem 12.10, you were asked to develop the equation of a regression model to predict the number of business bankruptcies by the number of firm births. Using this regression model and the data given in problem 12.10 (and provided here again), solve for the predicted values of y and the residuals. Comment on the size of the residuals.
Business Bankruptcies (1,000) Firm Births (10,000)
34.3 ...........58.1
35.0 ...........55.4
38.5 ...........57.0
40.1 ...........58.5
35.5 ...........57.4
37.9 ...........58.0
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x y Predicted Residuals y 581 343 374978 31978 554 350 ...View the full answer
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Related Book For 
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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