Question: It is important to remember that typically a two-factor regression model cannot accurately describe the entire situation. Look at the dependent variable that your peer

It is important to remember that typically a two-factor regression model cannot accurately describe the entire situation. Look at the dependent variable that your peer chose. Name at least 2 independent factors you would use to run a Multiple Linear Regression (MLR)and explain why you feel they are related.Then use those factors to run a Multiple Linear Regression (MLR) on your peer's data and see if thevariables you chose are related to the dependent variable they chose.What is your MLR equation?Is your MLR significant?Are any of the Independent factors significant?What is theR²value?Explain and interpret this value and how it relates to the MLR.

accurately describe the entire situation. Look at the dependent variable that your

SUMMARY OUTPUT Regression Statistics Multiple R 0.8711367 R Square 0.7588792 Adjusted R Square |0.7244333 Standard Error 4339.9904 Observations 9 ANOVA 55 MS F Significance F Regression 414966940.8 4.1E+08 22.0311 0.002224777 Residual 131848614.7 1.98+07 Total 8 546815555.6 Coefficients Standard Error t Stat P-value Lower 95%% Upper 95% Lower 95.0% Upper 95.0% Intercept 56960.821 5927.9751 9.60882 2.8E-05 42943.38721 70978.25458 42943.38721 70978.25458 20 -1319.82 281.1885484 -4.69373 0.00222 -1984.728022 -654.9175 -1984.728022 -654.9175003 RESIDUAL OUTPUT Observation edicted 2810 Residuals dard Residuals 1 29244.543 -844.5429104 -0.20803 2 39803.125 8696.875 2.14225 3 39803.125 -4603.125 -1.13386 4 31884.188 -3584.188433 -0.88287 5 20005.784 2494.216418 0.61439 6 23965.252 -1065.251866 -0.2624 7 21325.606 1274.393657 0.31391 8 31884.188 1015.811567 0.25022 9 31884.188 -3384.188433 -0.83361Qualitative Quantitive Qualitative Qualitative Quantitive Quantitive Quantitive Qualitative Vehicle Type Year Make Model Price MPG(city) MPG(Highway) Crash Test Rating Truck 2021 Toyota Tacoma 28100 20 23 4/5 stars Truck 2021 Ford Ranger 28400 21 26 4/5 stars Truck 2021 Dodge Ram 48500 13 17 4/5 stars Truck 2021 Toyota Tundra 35200 13 17 4/5 stars Truck 2021 Chevy Colorado 28300 19 25 4/5 stars SUV 2021 Chevy Trailblazer 22500 28 31 4/5 stars SUV 2021 Hyundai Kona 22900 25 30 5/5 stars SUV 2021 Toyota C-HR 22600 27 31 N/A Minivan 2021 Honda Odyssey 32900 19 28 5/5 Stars Minivan 2021 Chrysler Voyager 28500 19 28

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