=+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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Related Book For
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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