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Linear Regression
Generally, in two mutually related statistical series, the regression analysis based on graphic method. Under graphic method the values of X and Y variable are plotted on a graph paper in the form of a scatter Diagram .When two lines are drawn passing nearest to the dots, these are known as regression line. If these lines are straight, the regression is called as linear. The equations of these straight regression lines are called equations of the first degree. Regression equation of y on x : y =a+bX and regression equation of X and y:x =a+by. If these regression lines take the form of smooth curve, the regression will be called as curvilinear.
WHAT YOU MEAN BY UTILITY OF MANAGERIALECONOMICS
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#There were three types of food, and the researcher recorded which foods were bought. Peanut Butter Banana Hamburger 15
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Weighted Arithmetic Mean Another aspect to be considered is the importance we assign to each observation. The arithmetic mean as we calculated it so far gives equal
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