Lecture 8.
Chapter 16 Continued
Simple Linear Regression
&
Correlation
10/31/14
Cathy Ning
1
Using the Regression
Equation
Before using the regression model, we
need to assess how well it fits the
data. are satisfied with how well the
If we
model fits t
ECN329 Midterm Exam Review Questions
1. The Admissions officer for the graduate programs at Michigan State University (MSU)
believes that the average score on the GRE exam at his university is significantly higher
than the national average of 1300. Assume
Final Exam Review
ECN329
1. An actuary wanted to develop a model to predict how long individuals will live.
After consulting a number of physicians, she collected the age at death (y), the
average number of hours of exercise per week (), the cholesterol l
Lecture 7: Chapter 16
Simple Linear
Regression
&
Correlation
1
16.1 Introduction
In Chapters 16 to 17 we examine the
relationship between interval variables
via a mathematical equation.
The motivation for using the
technique:
Forecast the value of a de