Stats Solutions

[Solution] Consider the following data: x_1 24 120 -72 x_2 48 32 56 y 39 -7 92 Determine the line of best fit , or multiple regression equation , for this

Question: Consider the following data:

\[{{x}_{1}}\] 24 120 -72
\[{{x}_{2}}\] 48 32 56
\[y\] 39 -7 92

Determine the line of best fit , or multiple regression equation , for this data set. [ COMMENTS & HINTS: In order to receive full credit, use determinants, matrix methods, or any other systems of equations approach to construct the equation; a correct solution without an algebraic explanation will receive limited partial credit.]

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