Question: There is a database called DATA, which contains information about remuneration for a business sector, whose variables are the following: y = Index of real
There is a database called DATA, which contains information about remuneration for a business sector, whose variables are the following:
y = Index of real compensation per hour
X =Production rate
A simple, quadratic and exponential linear regression model is requested. Compare the three types and indicate which would best represent the results. Also, interpret results.
DATA
| Y | X |
| 60.8 | 48.9 |
| 62.5 | 50.6 |
| 64.6 | 52.9 |
| 66.1 | 55 |
| 67.7 | 56.8 |
| 69.1 | 58.8 |
| 71.7 | 61.2 |
| 73.5 | 62.5 |
| 76.2 | 64.7 |
| 77.3 | 65 |
| 78.8 | 66.3 |
| 80.2 | 69 |
| 82.6 | 71.2 |
| 84.3 | 73.4 |
| 83.3 | 72.3 |
| 84.1 | 74.8 |
| 86.4 | 77.1 |
| 87.6 | 78.5 |
| 89.1 | 79.3 |
| 89.3 | 79.3 |
| 89.1 | 79.2 |
| 89.3 | 80.8 |
| 90.4 | 80.1 |
| 90.3 | 83 |
| 90.7 | 85.2 |
| 92 | 87.1 |
| 94.9 | 89.7 |
| 95.2 | 90.1 |
| 96.5 | 91.5 |
| 95 | 92.4 |
| 96.2 | 94.4 |
| 97.4 | 95.9 |
| 100 | 100 |
| 99.7 | 100.4 |
| 99 | 101.3 |
| 98.7 | 101.5 |
| 99.4 | 104.5 |
| 100.5 | 106.5 |
| 105.2 | 109.5 |
| 108 | 112.8 |
| 112 | 116.1 |
| 113.5 | 119.1 |
| 115.7 | 124 |
| 117.7 | 128.7 |
| 119 | 132.7 |
| 120.2 | 135.7 |
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