Regression analysis
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Energy Consumption and Temperature In Data Set 9, use the 10 average daily temperatures and use the corresponding 10 amounts of energy consumption (kWh). (Use the temperatures for the horizontal scale.) Based on the result, is there a relationship between the average daily temperatures and the amounts of energy consumed? Try to identify at least one reason why there is (or is not) a relationship. (See attachment for Data Set 9.)
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Solution Summary
Step by step method for regression analysis is discussed here. Regression coefficients, coefficient of determination, scatter diagram and significance of regression model are explained in the solution.
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