An economist wanted to investigate the relationship between office rents (the dependent variable) and vacancy rates. Accordingly

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An economist wanted to investigate the relationship between office rents (the dependent variable) and vacancy rates. Accordingly

, he took a random sample of monthly office rents and the percentage of vacant office space in 30 different cities. a. Determine the regression line. b. Interpret the coefficients.

Mathematics

1 answer:

lesantik [10] · Answer 1 · 2023-04-18T01:24:09+03:00

The regression line will be y = 20.64 - 0.3038x.

<h3>How to explain the regression?</h3>

It should be noted that regression is a statistical method that determine the relationship between the variables.

Here, the regression line will be y = 20.64 - 0.3038x. The slope coefficient is -0.03038 and the intercept is 20.460.

The slope coefficient defines that for a unit increase in the percentage of vacancy rate will reduce 0.3038 unit of monthly office rent.

Learn more about regression on:

brainly.com/question/25987747

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