Answered

Discover a wealth of knowledge and get your questions answered at IDNLearn.com. Find in-depth and trustworthy answers to all your questions from our experienced community members.

An economist wanted to investigate the relationship between office rents (the dependent variable) and vacancy rates. Accordingly, he took a random sample of monthly office rents and the percentage of vacant office space in 30 different cities. a. Determine the regression line. b. Interpret the coefficients.

Sagot :

The regression line will be y = 20.64 - 0.3038x.

How to explain the regression?

It should be noted that regression is a statistical method that determine the relationship between the variables.

Here, the regression line will be y = 20.64 - 0.3038x. The slope coefficient is -0.03038 and the intercept is 20.460.

The slope coefficient defines that for a unit increase in the percentage of vacancy rate will reduce 0.3038 unit of monthly office rent.

Learn more about regression on:

brainly.com/question/25987747

#SPJ1

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. IDNLearn.com provides the answers you need. Thank you for visiting, and see you next time for more valuable insights.