An interested student used the method of least squares to fit the straight line y = 850.

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An interested student used the method of least squares to fit the straight line ŷ = 850. 7 + 320.3 x to gross domestic product, y, in real dollars. The results for 26 recent years, x = I, 2, ... , 26, appear here. Which assumption for a linear regression model appear to be seriously violated by the data?

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Statistics Principles And Methods

ISBN: 9781119497110

8th Edition

Authors: Richard A. Johnson, Gouri K. Bhattacharyya

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