Question: Is this an effective model for predicting horse prices? Write down the relevant hypotheses as well as a conclusion based on the ANOVA table. Use

Is this an effective model for predicting horse prices? Write down the relevant hypotheses as well as a conclusion based on the ANOVA table.


Use information in the ANOVA table below, which comes from fitting a multiple regression model to predict the prices for horses (in $1000s).

Source Regression Residual Error Total DF SS MS 4327.7 5671.4 1442.6 131.9 10.94 0.000 43 46 9999.1

Source Regression Residual Error Total DF SS MS 4327.7 5671.4 1442.6 131.9 10.94 0.000 43 46 9999.1

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