Question: Consider an estimated linear regression model with a response Y and 5 predictors X 1, X 2, X 3, X 4, X 5 based on
Consider an estimated linear regression model with a response Y and 5 predictors X1, X2, X3, X4, X5 based on home sales in the city. For a random sample of 140 homes sold recently, the following estimates are obtained using Excel.
Find the upper limit of the change in the mean response for a unit change in X5 with 98% confidence coefficient, assuming that the other predictors remain unchanged over the period.
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