Does the given value suggest that this is a good model

Assignment Help Basic Statistics

Reference no: EM131401498

GDP

The scatterplot shows the gross domestic product (GDP) of the United States in billions of dollars plotted against years since 1950.

a) Does the value 97.2% suggest that this is a good model? Explain.

b) Here's a scatterplot of the residuals. Now do you think this is a good model for these data? Explain?

138_graph 1.jpg

Reference no: EM131401498

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