Question

For 10 observations on price (X) and supply (Y) the following data were obtained (in appropriate units):\sum X=130,\sum Y=200,\sum X^2=2288,\sum Y^2=5506 \,  \sum XY=3467.

Obtain the line of regression of Y on X and estimate the supply when price is 16 units.

12 Mar 2024
Answer :
Word Count : 195
To obtain the regression line of \( Y \) on \( X \), we use the equation of a simple linear regression: \[ Y = a + bX \] where: - \( _____ ____ _________ ____ __________ _________ _______ _____ ____ ____ ________ ____.
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