if we knew that % unemployed for a city was 6.0 what would we predict the murders per million inhabitants per year should be?

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01-12-2022
Business

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if we knew that % unemployed for a city was 6.0 what would we predict the murders per million inhabitants per year should be?

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QWpurpleidn QWpurpleidn · Answer 1 · 2022-12-06T12:03:44-05:00

It was anticipated that a city will have 6.0 percent unemployment and 13.95 murders per million residents annually.

Regression analysis is a group of statistical procedures used in statistical modeling to determine the associations between a dependent variable and one or more independent variables.

Understanding linear regression is crucial because it offers a methodical way to detect and forecast future events. Numerous firms and people can gain advantages by uncovering predictions and analyzing them, such as improved operations and thorough research materials.

If we wish to determine whether there are any actual links between a dependent and independent variable, we can utilize regression analysis.

Using the regression equation, we have:

y = -28.5267 + (7.0796 * 6)

y = -28.5267 + 42.4776 = 13.9509

To know more about Regression Analysis, refer to this link:

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