Question: The question uses artificial data with 5 observations on two variables, X and Y. 2 3 4 5 Observation Xi Yi 1 3 5 7

The question uses artificial data with 5 observations on two variables,

The question uses artificial data with 5 observations on two variables, X and Y. 2 3 4 5 Observation Xi Yi 1 3 5 7 18 2 4 10 25 13 36 Use the Ordinary Least Squares procedure to find out if there is a relationship between X and Y. b. If X is 15, what would be the expected Y value? Calculate the residuals, Y, , for each of the five observations. d. Calculate the value for the sum of squared residuals (RSS). e. Calculate the values for the total sum of squares (TSS) and the explained sum of squares (ESS). f. Calculate R and interpret the result

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