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Statistics 3.0/10

Least-Squares Intercept by Hand

Six observations $(x, y)$ are: (1, 3), (2, 4), (3, 4), (4, 9), (5, 8), (6, 12). Fit the ordinary least-squares line $y = a + bx$ of $y$ on $x$. What is the intercept $a$? Give it as a reduced fraction.

Related problems & prerequisites

Worth solving first

Source: Original exercise written for AxiomIQ.