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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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