How to use the Excel "Linest" Function for linear regression models with mu

x(1)
Customer age
1 30.31
2 31.01
3 28.70
4 47.48
5 39.96
6 34.58
7 35.96
8 40.62
9 48.15
10 46.60
11 29.20
12 38.12
13 28.99
14 46.12
15 33.26
16 32.84
17 19.98
18 36.08
19 27.24
20 34.94
21 38.66
22 43.87
23 29.15
24 38.77
25 34.75

=linest(known_ys, known xs, const = true, stats= true)

Enter Column with Y values (H6:H30).
Answer with descriptive stats incuded requires a 5-row by 7-column area.
Select a 5-row by 7 column Area with Linest function already entered in uppe
"Control" + "U"
then "Command" + "return" -
Note: these are instructions for Excel for Mac 2011 - versions will vary - check
 0.000
0.000
0.606
4.608
3.489

beta(6)*x(6)
SDev of error
R^2
F-statistic - not applicable
"Regression Sum of Squares"
 r linear regression models with multiple input variables

x(2)
years at employer (x2)
2.04
0.28
8.49
16.76
12.86
11.97
4.96
6.55
12.89
11.46
1.25
18.29
1.60
3.31
7.61
10.64
1.47
6.06
1.71
10.21
0.61
9.20
8.09
22.30
8.69

stats= true)
Enter full array with x values (B6:G30).
uires a 5-row by 7-column area.
st function already entered in upper left corner

Mac 2011 - versions will vary - check Excel Help

 0.000
0.000
0.355
18.000
2.271

beta(5)*x(5)
SDev of error
SDev(y)
Degrees of Freedom - not applicable
"Residual Sum of Squares"
x(3) x(4) x(5)
years at current address (x3) Income $ Credit Card Debt
0.80 $28,720 -$555
1.05 $67,583 -$7,661
0.62 $28,041 -$319
1.68 $60,661 -$2,923
1.26 $48,339 -$3,857
1.49 $65,765 -$15,598
0.45 $19,912 -$1,345
0.49 $33,336 -$8,985
0.79 $48,722 -$12,345
0.54 $52,869 -$5,046
0.15 $19,100 -$261
0.89 $45,262 -$718
0.90 $14,720 -$392
0.28 $24,146 -$3,116
0.11 $24,083 -$1,325
0.79 $26,949 -$786
0.68 $15,304 -$140
1.09 $40,341 -$5,144
0.42 $18,571 -$1,864
0.65 $101,164 -$9,666
0.13 $30,129 -$1,210
0.64 $27,784 -$3,375
0.04 $20,608 -$1,724
1.27 $55,033 -$1,141
1.78 $45,688 -$2,364
 0.000 0.12 -0.03
0.00 0.19 0.02
#N/A #N/A #N/A
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beta4*x4 beta(3)*x(3) beta(2)*x(2)

SDev of error SDev of error SDev of error
x(6) Target Variable Y
Automobile Debt Default = 1, No Default = 0
-$2,600 0
-$30,676 1
-$1,162 0
-$1,563 0
-$2,555 0
-$17,632 1
-$1,489 0
-$5,664 1
-$19,625 1
-$14,190 1
-$750 0
-$754 0
$718 1
-$8,454 1
-$924 0
-$522 0
-$2,862 0
-$13,244 1
-$8,025 0
-$17,527 0
-$2,707 1
-$4,991 0
-$3,113 0
-$286 0
-$5,004 0
 0.03 -0.55
0.01 0.42
#N/A #N/A
#N/A #N/A
#N/A #N/A

beta(1)*x(1) alpha
SDev of error SDev of error