Using Excel, develop a linear regression model for the amount of the private endowment andthe ranking, and forecast a ranking for a private endowment of $ 7 0 million Does there appearto be a strong relationship between the endowment and the ranking b Using Excel, develop a multiple regression equation for all these data, including privateendowment and annual budget, and forecast a ranking for a private endowment of $ 7 0 milionand an annual budget of $ 4 0 milion How does this forecast compare with the forecast in part ( a )

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Question: Using Excel, develop a linear regression model for the amount of the private endowment andthe ranking, and forecast a ranking for a private endowment of

Using Excel, develop a linear regression model for the amount of the private endowment andthe ranking, and forecast a ranking for a private endowment of $

70

million. Does there appearto be a strong relationship between the endowment and the ranking?

.

Using Excel, develop a multiple regression equation for all these data, including privateendowment and annual budget, and forecast a ranking for a private endowment of $

70

milionand an annual budget of $

40

milion. How does this forecast compare with the forecast in part

(

) ?

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