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. For this regression model, solve for the standard error of the estimate and comment on it.
In problem 12.10
Business Bankruptcies Firm Births
(1000) (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 102259 554 350 351277 01277 00163 570 385 365322 19...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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