A realtor is interested in assessing the impact of size (in square feet) and distance from the
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A realtor is interested in assessing the impact of size (in square feet) and distance from the center of town (in miles) on the value of homes (in thousands of dollars) in a certain area. Nine randomly chosen houses are selected; data are as follows.
Y (value): 345, 238, 452, 422, 328, 375, 660, 466, 290
X1 (size): 1,650, 1,870, 2,230, 1,740, 1,900, 2,000, 3,200, 1,860, 1,230
X2 (distance): 3.5, 0.5, 1.5, 4.5, 1.8, 0.1, 3.4, 3.0, 1.0
Compute the estimated regression coefficients, and explain their meaning.
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Multiple Regression Results Value 0 1 2 3 4 5 6 7 8 Intercept Size Distance b 9 7997 …View the full answer
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Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
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