Take the first 10 observations in Table 13.1 and perform a multiple regression on these data. What
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Take the first 10 observations in Table 13.1 and perform a multiple regression on these data. What is the R2? How much of this R2 can be attributed to chance?
Data from table 13.1
Transcribed Image Text:
TABLE 13.1 Real Estate Data Market Price ($ thousands) 63.0 65.1 69.9 76.8 73.9 77.9 74.9 78.0 79.0 834 79.5 83.9 79.7 84.5 96.0 109.5 102.5 121.0 104.9 128.0 129.0 117.9 140.0 Total Number of Square Feet X1 1,605 2,489 1,553 2,404 1,884 1,558 1,748 3,105 1,682 2,470 1,820 2,143 2,121 2,485 2,300 2,714 2,463 3,076 3,048 3,267 3,069 4,765 4,540 Age of Warehouse (Years) 12 35 45 20 32 25 14 8 10 28 30 2 6 14 9 19 4 5 7 3 6 10 11 8
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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