The following information regarding a dependent variable (Y) and an independent variable (X) is provided. Y X 4 2 2 1 4 4 6 3 8 5 Refer to Exhibit 12-4. The least squares estimate of the Y intercept is 1 1.2 3.3 4
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Mean of X = (2 + 1 + 4 + 3 + 5) / 5 = 3 Mean of Y = (4 + 2 + 4 + 6 + 8) / 5 = 4.8 Show more…
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