Can someone please assist me with showing me how to calculate a regression equation r and r2 for the following data?
Actual scores: 100 65 120 58
Forecast scores: 105 65 135 65
Using the actual scores for Weeks 1, 2, 3, and 4 and your forecast values, calculate a regression equation, r, and R2for this data.
1. What data did you use in your regression equation? Which is the independent and dependent variable?
2. What is the regression equation, r, and R2 for your data?
3. Statistically, what does r and R2 tell you?
4. Based on your empirical evidence, how who well did you forecast your results? Justify your response.