This problem refers to the 1990 Census data presented in Problem 19 of Chapter 5. In addition
Question:
Use the accompanying computer output to answer the following questions about the regression of OWNEROCC on OWNCOST and URBAN.
a. What is the estimated least-squares equation for the regression of OWNEROCC on OWNCOST and URBAN?
b. Using your answer to part (a), give a point estimate for the rate of owner occupancy for an MSA for which the urban proportion is 0.73 and the median selected monthly ownership cost is $513.
c. Find the R2-value for the regression in part (a), and comment on the fit of the model.
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Related Book For
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
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