The following data are pairs of the number of business bankruptcies (1000s) and the number of firm births (10,000s) for a six-year period. Solve for the standard error of the estimate (by using the predicted values of y and the residuals) and comment on it. Business Firm Births Predicted ( Residuals ( Bankruptcies (1,000) y y - ŷ ) (10,000) x 58.1 34.4 37.5261 -3.1261 55.5 35.0 35.1438 -0.1438 57.0 38.5 36.5182 1.9818 58.5 40.1 37.8926 2.2074 57.4 35.5 36.8847 -1.3847 58.0 37.9 37.4345 0.4655 *(Round your answer to 4 decimal places, e.g. 1.7585.) **(Round your answer to the nearest integer, e.g. 75.) ***(Round your answer to 1 decimal place, e.g. 1.7.) Se = This standard error of the estimate indicates that the regression model is about **% of the time. In this particular problen v or ***% of the residuals are within this standard error of the estimate. 2/6 5/6
The following data are pairs of the number of business bankruptcies (1000s) and the number of firm births (10,000s) for a six-year period. Solve for the standard error of the estimate (by using the predicted values of y and the residuals) and comment on it. Business Firm Births Predicted ( Residuals ( Bankruptcies (1,000) y y - ŷ ) (10,000) x 58.1 34.4 37.5261 -3.1261 55.5 35.0 35.1438 -0.1438 57.0 38.5 36.5182 1.9818 58.5 40.1 37.8926 2.2074 57.4 35.5 36.8847 -1.3847 58.0 37.9 37.4345 0.4655 *(Round your answer to 4 decimal places, e.g. 1.7585.) **(Round your answer to the nearest integer, e.g. 75.) ***(Round your answer to 1 decimal place, e.g. 1.7.) Se = This standard error of the estimate indicates that the regression model is about **% of the time. In this particular problen v or ***% of the residuals are within this standard error of the estimate. 2/6 5/6
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
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