Question

What is the value of the slope of the line of best fit? What does it specifically mean in relation to the variables you are analyzing?
-What is the value of the y-intercept of the line of best fit? What does it specifically mean in relation to the variables you are analyzing?
-Choose a value for your independent variable (x) that you would like to use for prediction purposes. Predict the value of ther output variable, y, that would correspond to the x-value above.
-Explain, using a full sentence, the meaning of your prediction in regards to your own project and variables.

**the regression equation was found to be Year=1906.41+0.025825 Oil Production million tonnes  **

Fitted Line Plot for Linear Model 2010 2000 Year 1990 1980 1970 2500 2750 3000 3250 3750 4000 3500 Oil production (million toCoefficients Term Coef SE Coef T-Value P-Value Constant 1906.41 4.990 382.03 <0.0001 Oil production (million tonnes) 0.025825

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DATE NO As we know Y = a + 6x be the regression equation where a & b are obtained by minimizing error sum of square by the me

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