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A Bank Records the Number of Mortgage Applications and Its

question 6

Essay

A bank records the number of mortgage applications and its own prevailing interest rate (at the first of the month) for each of 16 consecutive months. Find the best-fitting line for the interest rate (x) and the number of applications (y). Round the coefficients in equation to three decimal places. A bank records the number of mortgage applications and its own prevailing interest rate (at the first of the month) for each of 16 consecutive months. Find the best-fitting line for the interest rate (x) and the number of applications (y). Round the coefficients in equation to three decimal places.   ​ y' = __________
y' = __________


Definitions:

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