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    Correlation and Regression Prediction

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    Identify the regression equation and make the prediction. Show your procedure, or explain how you reached your answer.

    Find the best predicted cost of subway fare when the CPI is 182.5 (in the year 2000)

    CPI 30.2 48.3 112.3 162.2 191.9 197.8
    Subway 0.15 0.35 1 1.35 1.5 2
    Fare

    Regression equation:

    Predicted value:

    © BrainMass Inc. brainmass.com June 3, 2020, 11:53 pm ad1c9bdddf
    https://brainmass.com/statistics/regression-analysis/correlation-regression-prediction-305767

    Solution Preview

    Regression equation: Y=0.009451*X-0.1068298
    Predicted value: ...

    Solution Summary

    The expert identifies the regression equation and makes a prediction.

    $2.19

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