Answer:
Explained below.
Step-by-step explanation:
Consider the variables height and weight.
It is usually seen that taller people are heavier than shorter people.
So a regression analysis can be used to specify this belief.
The statistical questions that are being asked here are:
- What the independent and dependent variables?
- Are there any other factor influencing the dependent variable other than the independent variable?
The variable <em>Y</em> is considered as the dependent variable and the variable <em>Y</em> is considered as the independent variable. And the main purpose of the regression analysis is to predict the value of <em>Y</em> when the value of <em>X</em> is given.
The linear regression model can be used to predict the past and future value of the dependent variables provided that the independent variables for those times are provided.
The number a bond is the percentage of the value of the bond that the bond is worth. Because the bond is quoted at 93, the bond is worth $930 per $1,000.
