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Use the Method of Least Squares to Calculate the Intercept QP26355327\begin{array} { l l } Q & P \\2 & 6 \\3 & 5 \\5 & 3 \\2 & 7\end{array}

Question 94

Essay

Use the method of least squares to calculate the intercept and slope of the linear relationship between quantity demanded (Q) and price (P) from the data set that follows.
QP26355327\begin{array} { l l } Q & P \\2 & 6 \\3 & 5 \\5 & 3 \\2 & 7\end{array}

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