Refer to the scattergram and the Ordinary Least Squares line of best fit, in Figure 1. ➤ 10 8 6 4 2 0 0 2 Figure 1 y=-0.7941x10.515 R=0.9425 8 If x increases by 1 unit, y will 10 1) increases by 0.7941 units. O2) decreases by 0.7941 units. 12 3) increases by (0.7941 +10.515) units. 4) decreases by (0.7941+ 10.515) units.
Refer to the scattergram and the Ordinary Least Squares line of best fit, in Figure 1. ➤ 10 8 6 4 2 0 0 2 Figure 1 y=-0.7941x10.515 R=0.9425 8 If x increases by 1 unit, y will 10 1) increases by 0.7941 units. O2) decreases by 0.7941 units. 12 3) increases by (0.7941 +10.515) units. 4) decreases by (0.7941+ 10.515) units.
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter8: Time Series Analysis And_forecasting
Section: Chapter Questions
Problem 18P: Consider the following time series:
Construct a time series plot. What type of pattern exists in...
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![Refer to the scattergram and the Ordinary Least Squares line of best fit, in Figure 1.
T
10
8
6
4
2
0
0
2
4)
Figure 1
y=-0.7941x10.515
R=0.9425
4
6
X
8
If x increases by 1 unit, y will
10
12
1) increases by 0.7941 units.
2) decreases by 0.7941 units.
3) increases by (0.7941 +10.515) units.
decreases by (0.7941+ 10.515) units.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd4a9847d-29a9-4f11-be8f-5ae76f3a454e%2Ff4ecf7b2-5f08-483c-8298-32c2b054064b%2Fad7h2c6.jpeg&w=3840&q=75)
Transcribed Image Text:Refer to the scattergram and the Ordinary Least Squares line of best fit, in Figure 1.
T
10
8
6
4
2
0
0
2
4)
Figure 1
y=-0.7941x10.515
R=0.9425
4
6
X
8
If x increases by 1 unit, y will
10
12
1) increases by 0.7941 units.
2) decreases by 0.7941 units.
3) increases by (0.7941 +10.515) units.
decreases by (0.7941+ 10.515) units.
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