6 a fit a simple linear regression slr of isav on line and report the
Question
6. (a) Fit a simple linear regression (SLR) of Isav on line, and report the regression results.
(b) Is line a statistically significant determinant of Isav at the 10% level?
(c) How much of the variation in Isav can be attributed to the variation in linc?
(d) What is the effect on savings of an increase of 1% in income?