Question: The data are reproduced below. a. Find SSE, s2, and s for the simple linear regression model relating number (y) of software millionaire birthdays in
The data are reproduced below.
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a. Find SSE, s2, and s for the simple linear regression model relating number (y) of software millionaire birthdays in a decade to total number (x) of U.S. births.
b. Find SSE, s2, and s for the simple linear regression model relating number (y) of software millionaire birthdays in a decade to number (x) of CEO birthdays.
c. Which of the two models' fit will have smaller errors of prediction? Why?
For Information: Refer to Exercise 11.19 and the study of software millionaires and their birthdays.
Total U.S. Births Number of Software Number of CEO Birthdays (in a random sample of Decade (millions) Millionaire Birthdays 70 companies from the Fortune 500 list) 1920 1930 1940 1950 1960 1970 28.582 24.374 31666 40.530 38.808 33.309 10 14. 23 38
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