Question
Explain in detail what your Least-Squares Regression equation tells you in the context of your problem. b. State the Least-Squares equation and use it to
Explain in detail what your Least-Squares Regression equation tells you in the context of your problem.
b. State the Least-Squares equation and use it to make at least 2 predictions with new or future Explanatory variables. Explain completely.
c. Could you continue to make these predictions forever? Does it make mathematical sense? Explain why or why not.
y =4780.1205 x + ( -21081.928 )
years of study salary 5 12000 7 16000 10 20000 11 25000 12 31000 13 32000 14 40000 15 47000 16 57000 18 74000 20 83000 21 86000 23 95000 25 103000 30 110000
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