The following table of values gives a company's annual profits in millions of dollars. Rescale the data so that the year 2005 corresponds to Year 2005 2006 2007 2008 2009 2010 Profits (in millions of dollars) 51.8 63.4 66.3 65.8 62.1 63.8 Find the quadratic regression model for this data. a) y = -0.4 x² +2.06x + 62.5
The following table of values gives a company's annual profits in millions of dollars. Rescale the data so that the year 2005 corresponds to Year 2005 2006 2007 2008 2009 2010 Profits (in millions of dollars) 51.8 63.4 66.3 65.8 62.1 63.8 Find the quadratic regression model for this data. a) y = -0.4 x² +2.06x + 62.5
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Expert Solution
Step 1
Make a table for the given data as follows
Year | Profit in millions |
0 | 51.8 |
1 | 63.4 |
2 | 66.3 |
3 | 65.8 |
4 | 62.1 |
5 | 63.8 |
The quadratic regression is given by the formula
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