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    Regression Analysis: Commuters and Parking Spaces

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

    Commuters and Parking Spaces: The Metro-North Station of Greenwich, CT has 2804 commuters. Find the best predicted number of parking spots at that station. Is the predicted value close to the actual value of 1274?

    3453 1350 1126 3120 2641 277 579 2532

    Parking 1653 676 294 950 1216 179 466 1454

    Regression equation:

    Predicted value:

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    Solution Summary

    The solution provides step by step method for the calculation of regression analysis and predicted value. Formula for the calculation and Interpretations of the results are also included.