Linear Regression - Guided Practice #1 - Below is a table showing the U. S. Federal Reserve's prime interest rate on January 1 of
various years. Determine the linear regression equation and the correlations coefficient.
Use zero for the initial year.
2006
7.25
YEAR
PRIME RATE (%)
Source: Federal Reserve Board
2007
8.25
2008
7.25
2009
3.25
2010
3.25
Select the correct answer from each dropdown menu.
Linear regression equation is [Select]
Correlation coefficient, r = [Select ]
Strength of ris [ Select]