Question: regression Suppose that you study the relationship between X and Y, where Y is the selling price of a newly built home in Happy Valley

regression

Suppose that you study the relationship between X and Y, where Y is the selling price of a newly built home in Happy Valley and X in dollars is the size of the house in square feet. After you collected data and plotted the scatter plot, you observed a linear trend and thus fit a linear regression model. The statistical software automatically calculated the slope and intercept and reported the following: y = 25,000 + 75x + epsilon (error term)

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