Question: Add a joint term, X 1 X 2 into the regression model, and estimate the regression equation again. Report the p-value for the joint term
Add a joint term, X1X2 into the regression model, and estimate the regression equation again. Report the p-value for the joint term X1X2. What does this imply?
| Selling Price | Location | Number of Rooms |
| 478 | 0 | 4 |
| 312 | 1 | 4 |
| 233 | 1 | 6 |
| 199 | 1 | 6 |
| 258 | 1 | 6 |
| 325 | 1 | 7 |
| 280 | 1 | 7 |
| 345 | 0 | 8 |
| 355 | 1 | 8 |
| 655 | 0 | 9 |
| 567 | 1 | 9 |
| 585 | 0 | 9 |
| 670 | 0 | 9 |
| 432 | 1 | 10 |
| 379 | 1 | 10 |
| 643 | 0 | 10 |
| 710 | 0 | 11 |
| 934 | 0 | 12 |
| 870 | 0 | 12 |
| 988 | 0 | 13 |
Step by Step Solution
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X1 Values 010100TIO 05 05 05 X2 X1Mx1 X2MX2 05 05 05 05 YMy X1MX1 X2Mx2 SPx1y SPx2y 0251 2025 025 20... View full answer
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