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    Linear Regression of Monthly Electrical Usage

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    Estimate the relationship between monthly electrical power usage (Y) and home size (X) using the data in the file P11_13.xlsx. Interpret your results. How well does a simple linear regression model explain the variation in monthly electrical power usage?

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    The following analysis shows a high R squared value and low p-values. Therefor this is a pretty good model. Most people will accept and use it if something better was not available. The variation in x is well explained by ...

    Solution Summary

    The expert examines linear regression of monthly electrical usage.