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A study is to be made regarding the demand for sneakers and the relationship with their price. The data are as follows: Demand Price (USD)

A study is to be made regarding the demand for sneakers and the relationship with their price. The data are as follows:

Demand Price (USD)

4 2

6 2

6 4

7 4

8 5

7 5

8 6

It's requested:

a) Calculate the parameters ₁ and ₂. Interpret each one

b) Determine the regression line.

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