Question

Complete the following for the data set:

1. Scatter Plot
2. Calculate the regression line in Y-intercept form (do this piece by piece in Excel, or by hand)
3. Interpret in Words your Beta coefficient
4. If X=5; then your Y-hat equals what? Is this a good estimate or not (explain in words)
5. Plot the regression line
6. Use STATA to calculate and interpret the R2

DATA SET 1:

Yi	Xi
14	3
11	5
11	3
8	8
5	7
7	10
4	9
5	8
2	10
2	14

Answer 1