Answer:
The equation of the resulting line y = b₀ +b₁ x
The resulting line with intercept b₀ and slope b1 is called the least squares regression.
[tex]b_{1} = r \frac{s_{y} }{s_{x} }[/tex]
Step-by-step explanation:
Explanation:-
Regression analysis can produce various types of equations. The most common equation is line. Before we fit a line ,we need to inspect the scatterplot of the data to see that Association between the Variables is linear.
least squares
It remains to choose b₀ and b₁. unless every point lie on a single line( in which the correlation r=-1 and r=1)
we have to decide the best fit line to be close to the data, but the several ways to measure the distance from a point to a line .we could use horizontal distance, the perpendicular distance, or the vertical distance as sketched in graph.
The resulting line with intercept b₀ and slope b1 is called the
least squares regression.
[tex]b_{1} = r \frac{s_{y} }{s_{x} }[/tex]