Question

find an econometrical solution of this problem using the linear regression model There are data on...

find an econometrical solution of this problem using the linear regression model

There are data on average output per worker y (thousand dollars) and turnover x (thousand dollars) in 10 stores for the quarter. Based on the above data, it is required:

1) determine the dependence (correlation coefficient) of average output per worker on turnover,

2) make a direct regression equation for this dependence.

1 2 3 4 5 6 7 8 9 10
x 10 14 21 23 32 39 45 55 61 68
y 3,8 4,8 5,9 6,1 6,3 6,6 7,4 8,5 9,7 12,4

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