The price of a share of one stock rose from $12.50 to $50. Find the percent increase.
2 answers:
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Answer-
The exponential model best fits the data set.
Solution-
x = input variable = number of practice throws
y = output variable = number of free throws
Using Excel, Linear, Quadratic and Exponential regression model were generated.
The best fit equation and co-efficient of determination R² are as follows,
Linear Regression
Quadratic Regression
Exponential Regression
The value of co-efficient of determination R² ranges from 0 to 1, the more closer its value to 1 the better the regression model is.
Now,
Therefore, the Exponential Regression model must be followed.
