Math Problem Statement
Year
Consumer
Credit
Year
Consumer
Credit 20042004
2210.52210.5
20092009
2553.52553.5
20052005
2350.82350.8
20102010
2645.12645.1
20062006
2465.02465.0
20112011
2757.02757.0
20072007
2517.92517.9
20122012
2926.32926.3
20082008
2595.12595.1
20132013
3099.23099.2
Question content area bottom
Part 1
a.
Find an equation for the least squares line, letting x equal the number of years since
The equation is
Yequals=121.66121.66xplus+1814.451814.45.
(Use integers or decimals for any numbers in the equation. Round to two decimal places as needed.)
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Regression
Least Squares Method
Formulas
Least squares regression equation: Y = mx + b
Theorems
-
Suitable Grade Level
Advanced High School