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Suppose that 777 units of electricity were produced in a particular month at the Public Service Electric Company. What cost would your model predict for
Suppose that 777 units of electricity were produced in a particular month at the
Public Service Electric Company. What cost would your model predict for this
month? Comment briefly on the accuracy and reliability of this prediction.
Regression Assignment Month Units 9 10 11 12 13 14 15 16 Cost ($000's) 601 45623 738 46507 686 43343 736 46495 756 47317 498 41172 828 43974 671 44290 305 29297 637 47244 499 43185 578 42658 641 39178 452 41198 674 43505 475 35805 536 39181 527 40248 275 28157 495 34761 568 45148 418 33447 694 45686 653 45296 471 37179 669 41199 298 31259 399 37705 549 42757 863 47332 18 19 20 21 22 23 24 25 26 27 28Step by Step Solution
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