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Run a regression model that estimates the natural log of the time to produce as the response, and the natural log of the unit number
Run a regression model that estimates the natural log of the time to produce as the response, and the natural log of the unit number as the predictor.
what is the forecasted time to produce unit 121? (Make sure to use the appropriate corrections) Round your answer to 2 decimal places.
Time Per Unit | Unit Number |
18.30 | 3 |
17.50 | 5 |
12.80 | 8 |
11.30 | 12 |
10.00 | 17 |
8.50 | 21 |
8.90 | 24 |
8.70 | 27 |
8.10 | 30 |
8.20 | 32 |
8.30 | 37 |
7.60 | 39 |
6.90 | 41 |
7.30 | 44 |
7.20 | 48 |
7.00 | 52 |
7.10 | 54 |
6.30 | 58 |
6.60 | 60 |
6.50 | 64 |
6.80 | 67 |
6.90 | 69 |
6.20 | 75 |
6.10 | 78 |
6.00 | 82 |
5.70 | 87 |
5.90 | 90 |
5.80 | 92 |
5.70 | 96 |
5.60 | 100 |
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