In Exercise, standardize the value of the independent variable based on its definition and make a scatterplot of the data.
Construction—Housing Starts: Let x represent the number of years since 2000.
Year | Number of Housing Starts in the Northeastern United States (in thousands) |
2000 | 154 |
2001 | 149 |
2002 | 158 |
2003 | 163 |
2004 | 175 |
2005 | 190 |
2006 | 167 |
2007 | 143 |
2008 | 121 |
2009 | 62 |
Source: U.S. Census Bureau
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