Review the following report of the results of a simple regression program for cost estimation.
r² = 0.72
Required:
a. What is the cost estimation equation according to the report?
b. What is the goodness of fit? What does it tell about the estimating equation?

Question

Review the following report of the results of a simple regression program for cost estimation.

r² = 0.72
Required:
a. What is the cost estimation equation according to the report?
b. What is the goodness of fit? What does it tell about the estimating equation?

Quizplus · Accepted Answer

The Answer of Review the following report of the results of a simple regression program for cost estimation. r² = 0.72 Required: a. What is the cost estimation equation according to the report? b. What is the goodness of fit? What does it tell about the estimating equation?

Review the Following Report of the Results of a Simple