Find the (a) coefficient of determination and interpret the results, and (b) standard error of estimate s e and interpret the results.
Fund Assets?
The following table represents the total assets (in billions of U.S. dollars) of equity funds and bond and income funds for nine years. The equation of the regression line is y^ = 0.689x + 68.861. (Source: Investment Company Institute)
|
Equity funds, x
|
35.9
|
41.2
|
77.0
|
116.9
|
180.7
|
|
Bond and income funds, y
|
13.1
|
14
|
36.6
|
134.8
|
273.1
|
|
Equity funds, x
|
249.0
|
411.6
|
749.0
|
1269.0
|
|
Bond and income funds, y
|
304.8
|
441.4
|
761.1
|
798.3
|