In Exercise the population P (in thousands) of a city in four different years is given, thereby providing four known (t, P) data points. For each set of data, find:
a. The linear model that best fits the data.
b. The SSE and average error for this optimal linear model.
Exercise
t (years) | 1960 | 1970 | 1980 | 1990 |
P (thousands) | 565 | 485 | 385 | 265 |
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