Wk 5, DAT 565: DQ

APA format

175 -265 words

Cite at least one (1) peer-reviewed reference

See attached scatter plot

Respond to the following:

• Do you observe a relationship between both variables?
• What does the slope tell us? Is the slope significant?
• What is the intercept? Is it meaningful?
• What is the value of the regression coefficient, r? What is the value of the coefficient of determination, r^2? What does r^2 tell us? 
• Share a business scenario in which using a model could be beneficial.