=+An analysis of spending by a sample of credit card bank cardholders shows that spending by cardholders

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=+An analysis of spending by a sample of credit card bank cardholders shows that spending by cardholders in January

(Jan) is related to their spending in December (Dec):

0 1000 2000 3000 4000 5000 6000 December 8000 6000 4000 2000 0

January The assumptions and conditions of the linear regression seemed to be satisfied and an analyst was about to predict January spending using the model shown below:

Jan = +612.07 + 0.403 Dec

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Business Statistics Plus Pearson Mylab Statistics With Pearson Etext

ISBN: 978-1292243726

3rd Edition

Authors: Norean R Sharpe ,Richard D De Veaux ,Paul Velleman

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