Given the data (1,2), (3,6) and (5,14). Use the method of least squares to calculate the estimated regression. coefficients.

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Given the data (1,2), (3,6)
and (5,14). Use the method of
least squares to calculate
the estimated regression.
coefficients.
Transcribed Image Text:Given the data (1,2), (3,6) and (5,14). Use the method of least squares to calculate the estimated regression. coefficients.
Expert Solution
Step 1: Write down the given information

Data : 

{ (1,2) , (3,6) , (5,14) } 

According to least squares method, 

We have to calculate regression coefficients

From data : 

X = { 1,3,5 } 

Y = { 2,6,14 } 

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