Find the Simple Linear Regression Formula of the data set shown below: (10pts)
Where the monthly e-commerce sales is Y and online advertising costs X.

Note: Round off your answers to two decimal places. No spaces in between characters.
Example format for the Final answer: y=36.11x+23.22

Question

10-11-2021
Mathematics

contestada

Find the Simple Linear Regression Formula of the data set shown below: (10pts)
Where the monthly e-commerce sales is Y and online advertising costs X.

Note: Round off your answers to two decimal places. No spaces in between characters.
Example format for the Final answer: y=36.11x+23.22

Respuesta :

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fichoh fichoh · Answer 1 · 2021-11-15T12:12:45+01:00

Uisng technology, such as a linear regression calculator or excel , the linear equation in slope - intercept format which models the data is 171.47x - 125.83

The relationship between advertising cost and e-commerce sales is positive which can be inferred from the positive value of the slope which models the data. Also, since, the correlation Coefficient is high, we can expect to have a high e-commerce sales whenever, the advertising cost is high.

Therefore, the linear regression equation is 171.47x - 125.83

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Find the Simple Linear Regression Formula of the data set shown below: (10pts) Where the monthly e-commerce sales is Y and online advertising costs X. Note: Round off your answers to two decimal places. No spaces in between characters. Example format for the Final answer: y=36.11x+23.22

Respuesta :

Otras preguntas

Find the Simple Linear Regression Formula of the data set shown below: (10pts)
Where the monthly e-commerce sales is Y and online advertising costs X.

Note: Round off your answers to two decimal places. No spaces in between characters.
Example format for the Final answer: y=36.11x+23.22