When a least squares line is fit to the 8 observations in the natural gas consumption data, we obtain SSE = 2.568. Calculate s2 and s.
Answer to relevant QuestionsIn the multiple regression model what sum of squared deviations do the least squares point estimates minimize? What do we conclude about xj if we can reject H0: βj = 0 in favor of Ha: βj ≠ 0 by setting a. α equal to .05? b. α equal to .01? What does the distance value measure? How does the distance value affect a confidence or prediction interval? Table gives the selling price (Price, expressed in thousands of dollars), the square footage (SqrFt), the number of bathrooms (Bathrms), and the niceness rating (Niceness, expressed as an integer from 1 to 7) of 80 homes ...Define the odds of an event, and the odds ratio for xj.
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