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Example problem on simple linear regression


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1.     Consider the following farmer dataset.

 

Number of pounds per acre (in

hundreds)

Bushels per acre

X

y

1.0

25

2.5

32

3.0

35

3.0

32

3.4

35

4.0

39

4.0

41

4.5

40

 

A farmer is interested in understanding the relationship between the number of pounds of fertilizer (x) and the number of bushels (y) of soybeans produced for the above dataset. Help the farmer to analyse the data and predict the bushles per acre if the number of pounds per acre is 3.2 (in hundreds). Discuss on the error ratio

 

solution



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