Question: Conduct a simple regression in Excel to create a market pay line by entering the job evaluation points(on the X axis) and the respective weighted

Conduct a simple regression in Excel to create a market pay line by entering the job evaluation points(on the X axis) and the respective weighted average market base pay (on the Y axis) for each benchmark job. Calculate the summary output, regression statistics (Multiple R, R Square, Adjusted R, Square, Standard Error, Observations). Calculate also the ANOVA and RESIDUAL OUTPUT. Regression Analysis Job Evaluation Weighted Points Avg $ X = 120 Y = 19944.44 X = 145 Y = 29458.33 X = 165 Y = 34000 X = 225 Y = 56875 X = 260 Y = 62900

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