It was anticipated that a city will have 6.0 percent unemployment and 13.95 murders per million residents annually.
Regression analysis is a group of statistical procedures used in statistical modeling to determine the associations between a dependent variable and one or more independent variables.
Understanding linear regression is crucial because it offers a methodical way to detect and forecast future events. Numerous firms and people can gain advantages by uncovering predictions and analyzing them, such as improved operations and thorough research materials.
If we wish to determine whether there are any actual links between a dependent and independent variable, we can utilize regression analysis.
Using the regression equation, we have:
y = -28.5267 + (7.0796 * 6)
y = -28.5267 + 42.4776 = 13.9509
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