Question
The Federal Reserve uses linear regressions to try to establish a link between the unemployment rate (x) and monthly home sales in the 12th District
The Federal Reserve uses linear regressions to try to establish a link between the unemployment rate (x) and monthly home sales in the 12th District (y). The following data are available:
Unemployment rate, x | Home Sales, y |
|---|---|
11 | 150 |
13 | 140 |
15 | 100 |
17 | 110 |
The slope term (b) in the estimated regression equation turns out to be -8. The intercept term (a) is 237. Explained variation (SSR) here would be _______.
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
