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For questions 1 - 8 : Suppose a stock's value y ( in $ ) was recorded for x months since purchase: table [
For questions : Suppose a stock's value in $ was recorded for months since purchase:
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Residual
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Using your calculator, find and the LSRL Round LSRL coefficients to the nearest thousandth.
Rounded LSRL:
Putting the Rounded LSRL into on your calculator, program to find the LSRL estimates for each given value. Write your program in the heading, and record your results in
With your LSRL estimates in program to find the residuals for each given value. Write your program in the heading, and record your results in
Plot your residuals in the grid provided above, and describe the "leftover pattern".
Leftover pattern:
Based on your plot of the residuals, subjectively determine if the LSRL is an appropriate model for the data. EXPLAIN YOUR ANSWER BASED ON THE LEFTOVER PATTERN.
Program to calculate the square of the residuals, and record the results in Write your program in the heading.
Using your calculator list results, show the manual calculation of the standard deviation of the residuals.
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