Math Problem Statement

The data below represents an international corporation's internal estimates of sales (in thousands of dollars) in the coming year over time (in weeks). Use a linear regression to model the data. Round all your coefficients to three decimal places. Then use a residual plot to determine if your model is a good fit.

Solution

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Linear Regression
Residual Analysis
Statistical Modeling

Formulas

y = mx + b (linear regression formula)
Residual = Observed - Predicted

Theorems

Least Squares Method

Suitable Grade Level

College Level