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Relationship between housing starts-mortgage interest rate

Assignment Help Basic Statistics
Reference no: EM132850326

Relax mortgage has gathered following data to examine the relationship between housing starts and mortgage interest rate.

You are required to:

-Derive the regression equation

-Estimate the no of housing starts if mortgage interest rate is 2.5%

-Calculate and interpret the correlation between interest rate and no of housing starts.

Interest rate

3.5
3.0
2.8
3.6
2.75
3.4
3.12
2.86
3.02
2.6
3.3
Housing starts
100
120
150
130
170
135
130
185
127
190
96

Reference no: EM132850326

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