The fish tank was $50 yesterday, and today it has gone up by 25%... What's the new price?
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I will attach google sheet that I used to find regression equation.
We can see that linear fit does work, but the polynomial fit is much better.
We can see that R squared for polynomial fit is higher than R squared for the linear fit. This tells us that polynomials fit approximates our dataset better.
This is the polynomial fit equation:
I used h to denote hours. Our prediction of temperature for the sixth hour would be:
Here is a link to the spreadsheet (<span>https://docs.google.com/spreadsheets/d/17awPz5U8Kr-ZnAAtastV-bnvoKG5zZyL3rRFC9JqVjM/edit?usp=sharing)</span>
We can see that linear fit does work, but the polynomial fit is much better.
We can see that R squared for polynomial fit is higher than R squared for the linear fit. This tells us that polynomials fit approximates our dataset better.
This is the polynomial fit equation:
I used h to denote hours. Our prediction of temperature for the sixth hour would be:
Here is a link to the spreadsheet (<span>https://docs.google.com/spreadsheets/d/17awPz5U8Kr-ZnAAtastV-bnvoKG5zZyL3rRFC9JqVjM/edit?usp=sharing)</span>