Suppose we have run a regression on 48 months of data and the regression equation is Y = 50000 + 1000*x (where x is the month number).
What is the annual trend? Play with some numbers to convince yourself of your answer.
Would this be 12000, why or why not? Please help!© BrainMass Inc. brainmass.com March 22, 2019, 1:05 am ad1c9bdddf
Suppose the original mean of x is x bar, mean of y is y bar. After converting month to the year, the new mean becomes 1/12xbar, ...
This solution provides a detailed, step-by-step explanation of the given statistics problem.