Question : Bivariate Analysis
Solution : The data q2_growth.csv contains columns x and y (sample size : 100 observations).
It is known that are described by the following model equation:
where are fixed and observable with error terms are iid defined as
We use Excel to visualize the scatter plots of the above data points :
From the above scatter plots we can draw the following inference :
1. We have use dots to represent values for two different numeric variables x and y respectively
2. The above pattern depicts an exponential curve as the points are clustered around the curve and relationship is strong.
3. Thus the two variables x and y pair well together giving us an increasing curve pattern.
Scatter Plot of Y v/s...