Question: Find the required linear model using least-squares regression.The following table shows the number of operating federal credit unions in a certain country for several years.

Find the required linear model using least-squares regression.The following table shows the number of operating federal credit unions in a certain country for several years.

Year

2011

2012

2013

2014

2015

Number of federal credit unions

4477

4307

4142

3962

3798

(a) Find a linear model for these data with

x=11corresponding to the year 2011.

(b) Assuming the trend continues, estimate the number of federal credit unions in the year

2017.

a) the linea model for these data is y=( ) x+( )

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!