Find the linear regression line for the following table of values, where x represents technician years of experience and y represents average yearly raise percentage. You will need to use a calculator, spreadsheet, or statistical software.
x | y |
1 | 3.1 |
2 | 4.37 |
3 | 5.5 |
4 | 5.29 |
5 | 7.52 |
6 | 8.31 |
7 | 9.01 |
from above:
hence line equation: ŷ = | 2.21 | + | 0.99 | x |
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