What is the variability in q is explained by the equation

Reference no: EM13202448

Obtain a linear function for demand in the form Q = A +bP using linear regression formulae (contained in the book/appendix)from these five price/quantity points:
P= 20, 17, 15, 10, 8
Q = 2, 12, 16, 20, 30
What % of the variability in Q is explained by your equation?

Reference no: EM13202448

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