Question: Refer to Exercise 13 58 In another study involving the same

Refer to Exercise 13.58. In another study involving the same 22 properties, PRICE was regressed on a single independent variable, LIST, which was the listing price of the property in thousands of dollars.
a. Fit a regression model and predict the selling price of a home that is listed at $ 70,000.
b. What is the chance that your prediction is off by more than $ 3,000?
In exercise

View Solution:

Sale on SolutionInn
  • CreatedNovember 21, 2015
  • Files Included
Post your question