explain the transformation needed to convert the following data to a linear data set {(1, 0.98), (2, 1.39), (3, 1.71), (4, 1.98)
, (5, 2.22), (6, 2.43)}
1 answer:
The given numbers are a set of points. To convert this into a linear data set, you can do data fitting. The easiest way to do this is using a software. In this case, I used MS Excel. You plot the points and set a linear trendline. The linear equation for this set of data is: y = 0.286x + 0.784
You can refer to the image to further understand the procedure.
You can refer to the image to further understand the procedure.
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Step-by-step explanation:
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applying the formula for addressing omitted variable bias ( attached below )
