Correlation and Regression
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The Consumer Price Index (CPI) and Cost of Subway Fare
CPI 30.2 48.3 112.3 162.2 191.9 197.8
Subway 0.15 0.35 1 1.35 1.5 2
Identify the following values:
(a) explained variation:
(b) unexplained variation:
(c) total variation:
(d) coefficient of determination:
(e) standard error of estimate:
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Solution Summary
The solution provides detailed step-by-step calculations and an extensive Regression Analysis.
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The regression equation is given as
y=0.0096x-0.1243
The ...
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- MSc, Osmania University
- MSc, Indian Institute of Technology - Roorkee (I.I.T.-ROORKEE)
- BSc, Banaras Hindu University
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