Add a joint term, X 1 X 2 into the regression model, and estimate the regression equation
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Add a joint term, X1X2 into the regression model, and estimate the regression equation again. Report the p-value for the joint term X1X2. What does this imply?
| Selling Price | Location | Number of Rooms |
| 478 | 0 | 4 |
| 312 | 1 | 4 |
| 233 | 1 | 6 |
| 199 | 1 | 6 |
| 258 | 1 | 6 |
| 325 | 1 | 7 |
| 280 | 1 | 7 |
| 345 | 0 | 8 |
| 355 | 1 | 8 |
| 655 | 0 | 9 |
| 567 | 1 | 9 |
| 585 | 0 | 9 |
| 670 | 0 | 9 |
| 432 | 1 | 10 |
| 379 | 1 | 10 |
| 643 | 0 | 10 |
| 710 | 0 | 11 |
| 934 | 0 | 12 |
| 870 | 0 | 12 |
| 988 | 0 | 13 |
Expert Answer:
X1 Values 010100TIO 05 05 05 X2 X1Mx1 X2MX2 05 05 05 05 YMy X1MX1 X2Mx2 SPx1y SPx2y 0251 2025 025 20... View the full answer
Related Book For 
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
