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Regression Formulas

I'm not sure of how to use the regression formula correctly to compute a simple regression equation y = mx + b for the data that I attached.

What would the approximate number of housing starts be at the following interest rates:
8.5%, 4.5%, 3.7%, 2.3%

If I were the owner of a business in the housing construction sector and knew the interest rates were going to change; how could I use this information to make better decisions?

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Solution Summary

What would the approximate number of housing starts be at the following interest rates:
8.5%, 4.5%, 3.7%, 2.3%

$2.19