Recent family home sales in San Antonio provided the following data (San Antonio Realty Watch website, November
Question:
a. Develop the estimated regression equation that can be used to predict the sales prices given the square footage.
b. Construct a residual plot of the standardized residuals against the independent variable.
c. Do the assumptions about the error term and model form seem reasonable in light of the residual plot?
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Related Book For
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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