Solution-Discuss how you could use bivariate regression

Discuss how you could use bivariate regression

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Reference no: EM132515106

Assume you have your own electricity bills for the last three years and that you have lived in the same house.

Discuss how you could use bivariate regression to predict your upcoming electricity bills.
Once you determine the statistically significant correlation and regression prediction, how much do you trust it?
What would give you greater confidence to spend your savings on a vacation rather that keeping it in reserve for the electricity bill?

Reference no: EM132515106

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Discuss how you could use bivariate regression

Reference no: EM132515106

Reference no: EM132515106

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