Question: A scatter diagram includes the following data points: x 3 2 5 4 5 y 8 6 12 10 14 One regression model is proposed:
A scatter diagram includes the following data points:
| x | 3 | 2 | 5 | 4 | 5 |
| y | 8 | 6 | 12 | 10 | 14 |
One regression model is proposed: .
a) Calculate the standard error of estimate.
b) Using another method, another regression line was proposed: . The SSE (sum of squares of error) of the line is 156. Which of the two lines is a better fit for the data? Why?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
