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The following data are annual disposable income and total annual consumption for 22 families selected at random from a large metropolitan area.Use 1 decimal place
The following data are annual disposable income and total annual consumption for 22 families selected at random from a large metropolitan area.Use 1 decimal place for your final answer.
Calculate the error when Income = 56 (or the 20th observation in figure 4)
Figure 4 Output Statistics
Obs 20 Dependent variable = 34.8, Predicted Value = Black, Std Mean Predict = 3.1378, )5% CL Mean = Black, 95% CL Predict = 25.5990 & 64.3573, Residual = Black
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