Question

PLEASE USE EXCEL OR MANUAL An economist wanted to investigate the relationship between office rents (the...

PLEASE USE EXCEL OR MANUAL

An economist wanted to investigate the relationship between office rents (the dependent variable) and vacancy rates. Accordingly, he took a random sample of monthly office rents and the percentage of vacant office space in 30 different cities.

a) Determine the regression line.

b) Interpret the coefficients

Math   Statistics-And-Probability   
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Answer #1

a)

Using Excel

data -> data analysis -> regression

choose data for both x and y variable

we get

y^ = 20.640 - 0.3038 x

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