3 ms·
A linear regression would be theoretically wonky, since the Y-axis is upper bounded at 100%. So, by the time the graph hits values like 80%, it should start to
by ssivark 11y ago
A linear regression would be theoretically wonky, since the Y-axis is upper bounded at 100%. So, by the time the graph hits values like 80%, it should start to get "saturated" and flatten out. This fit, with A approximately 100 does a good job of that.
Clearly, the fit is bad near the origin (for small purchasing power), so maybe one can expect a modification at small values of x; I'm not sure if that that will correspond to small values of y.
- stdbrouw 11y agoThe line of an ordinary least squares fit would go from approximately 50% on the left to 70% on the right or maybe a little bit less steep than that.