Table 8.18 consists of data that has been collected by an estate agent who wishes to model

Question:

Table 8.18 consists of data that has been collected by an estate agent who wishes to model the relationship between house sales price (£) and the independent variables: land value, LV (£) and the value of home improvements, IV (£).

In order to fit the model the estate agent selected a random sample of size 20 properties from the 2000 properties sold in that year (Table 8.18).

Selling price (), Y 68900 48500 55500 62000 140000 45000 115000 144000 59000 47500 40500 40000 135800 45500

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics Using Excel

ISBN: 9780199659517

2nd Edition

Authors: Glyn Davis, Branko Pecar

Question Posted: