Suppose the analyst constructs the simple linear regression model In(y) = a+Bx+e. She estimates it to be In() = -1-1.3x. What is the residual in Excel output for the pair of observations x 1.5 and y 27

Suppose the analyst constructs the simple linear regression model In(y) = a+Bx+e. She estimates it to be In() = -1-1.3x. What is the residual in Excel output for the pair of observations x 1.5 and y 27

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter3: Straight Lines And Linear Functions

Section3.4: Linear Regression

Problem 12SBE: Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4

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Question

Suppose the analyst constructs the simple linear regression model In(y) = a + Bx+e. She estimates it to
be In() = -1- 1.3x. What is the residual in Excel output for the pair of observations x= 1.5 and y = 27
O a. 6.
O b. 1.98
O c. -2.
O d. 403.43
e. 4.29

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