Question: (d) Write down the fitted simple linear regression model (equation) and discuss its merits using the following output. Consider the intercept, slope, overall goodness of
(d) Write down the fitted simple linear regression model (equation) and discuss its merits using the following output. Consider the intercept, slope, overall goodness of model etc. when commenting. (Note that, in Excel, the time variable begins at Year 1900, i.e. 01/01/1900, 12am). [4 marks] Intercept X Variable 1 Coefficients -164070 5.736757 Standard Error t Stat P-value 28361.13278 -5.785021448 1.64E-06 0.749106082 7.65813654 6.68E-09 Lower 95% Upper 95% -221706.5175 -106433.01 4.214389946 7.2591234
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