The home retail industry experienced relatively consistent annual growth until the economic cri-sis of 2006. Here is
Question:
a) What does the R2 value in the regression mean?
b) What features of the residuals should be noted with regards to this regression?
c) What features of the residuals might be dealt with by a re-expression? Which ones would not be helped by a re- expression?
d) Can you use the regression model to help in your under-standing of the growth of this market?
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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