Fitting a line to data.
******************
With
your expertise on making time plots, you will breeze through this
exercise.
In
the case of time series, you always had a time sequence
as the X-variable
(usually
with equally spaced values). In Chapter 2, you explore the
relationships
between all sorts of pairs of quantitative variables.
Once again, the Excel worksheet in the
image below contains all the information you need.
The data was loaded from the file
F:\PCDataSets\Excel\ CHAP01\
TA01_008.XLS.
We considered only the data about the 19
two-seater car. The scatterplot for part a) of Exercise
2.25, and the trend
line are obtained with the usual options. (For example See exercise
1.40. You DO NOT
need to read about the
"Moving average " option
in that exercise ! ). If you do not want to
open exercice 1.40, here are the instructions:
Highlight the
cells B2:C20, then click on the Chart icon, choose the "XY-scater"
chart type, and click
"Finish". You should
get a chart like the one above, without the trendline and the equation.
Now, to add to the chart a "Trend
Line",
Highlight the
chart by clicking on it,
then click on "Chart" from the menu, and choose "Add trendline
" to
open the "Add trendline" window, and then
just click OK.
You should get a chart like the
one above, without the equation.
The other new feature is that now the
equation of the fitted line is displayed on the graph. To
do this, you click on the fitted
line and check that "Option"
in the Format Trendline window:
Question. Hand in an Excel worksheet with a chart like above , but having Highway mileages
as
the explanatory variable and City mileages as the response
variable .