Question: Least squares regression UpTop Mining has compiled the following data to analyze utility costs: MonthMachine HoursUtility CostJanuary 2 0 0 $ 3 0 0 February
Least squares regression
UpTop Mining has compiled the following data to analyze utility costs:
MonthMachine HoursUtility CostJanuary$FebruaryMarchAprilMayJuneJulyAugust
Using regression tools in Excel, develop a formula for budgeting utility cost.
Note: Enter the answers in dollars and cents, rounded to the nearest penny.
Cost formula: Y $Answer
$Answer X
Where X Answer Machine hoursUtility cost
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