Question: Here are some diagnostic plots for the home prices data from Exercise 15. These were generated by a computer package and may look different from
In Exercise 15
-1.png)
-2.png)
-3.png)
-4.png)
Dependent Variable is: Asking Price s-67013 R-Sq 71.1% R-Sq ladj)-64.6% Predictor Coeff SECoeff t-ratio P-value Intercept 152037 85619 178 0110 Baths Sa ft 530 40826 139.87 467 3.00 D015 0.23 0821 Analysis of Variance Source DF Regression 2 99303550067 49651775033 11.06 0004 Residual 9 40416679100 4490742122 Total MS F P-value 11 1.39720E+11 Residuals vs, the Fitted Values (Response is Price) 150000 100000 50000. -50000 -100000 100000 200000 300000 400000 Fitted Value Normal Probability Plot of the Residuals (Response is Price) 50000 esidual(S) 50000 100000 150000 Residual (S) Histogram of the Residuals (Response is Price) -50000 0 50000 100000 150000 Residual ($)
Step by Step Solution
3.47 Rating (170 Votes )
There are 3 Steps involved in it
Straight enough condition The plot of residuals versus predicted values looks curved Multiple regr... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
662-M-S-L-R (6456).docx
120 KBs Word File
