Question: A study is conducted to estimate the demand for housing (y) based on current interest rate X1 and the rate of unemployment. The data in

A study is conducted to estimate the demand for housing (y) based on current interest rate X1 and the rate of unemployment. The data in Table 8.6.1 are obtained.
(a) Fit the multiple regression model

(b) Test whether the model is significant.
Table 8.6.1
Table 8.6.1 Housing Demand, Interest Rate, and Unemployment Rate

A study is conducted to estimate the demand for housing

Units Sold Interest Rate (%) Unemployment Rate (%) 9.0 9.3 8.9 9.1 9.0 8.7 10.0 8.0 8.2 7.7 7.1 7.2 100 105

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