Question: Need Help, thank you QUESTION 5 ' 10poin|s Sample data for the gross income for the last months was collected. Due to the non-linear nature
Need Help, thank you

QUESTION 5 ' 10poin|s Sample data for the gross income for the last months was collected. Due to the non-linear nature of the gross income, a log linear model was tted: log (Gross Income) = log(,80) + log(;31) * time The following tables show the output obtained when fitting such model: DF Sum Square Mean Square F P Value Regression 1 0.076 0.076 3.04 0.091 Error 32 0.799 0.025 Total 33 0.875 Coefficients Standard Errors T Statistic P Value Intercept 1.521 0.055 27.438 0 Time 0.005 0.003 1.741 0.091 What is the predicted gross income for the month number 35 7
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
