We have consumption (Y) of ten people and their savings(X) data is given below. Pllease estimate the regression model (?̂? = ? − ??? ) for the variables by using nNormal equations and showing all calculation steps carrefully.Also interpret the coefficients.
X 13 17 19 22 21.6 22.4 18 20.8 22 24.2
Y 39 51 57 66 64.8 67.2 54 62.4 66 72.6
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