For the Car Sales data described in Problem 25, develop a regression model for selling price as

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For the Car Sales data described in Problem 25, develop a regression model for selling price as a function of horsepower and manufacture year, incorporating an interaction term. What would be the predicted price for a car manufactured in either 2002 or 2003 with a horsepower of 69? How do these predictions compare to the overall average price in each year?

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Business Analytics

ISBN: 9781292095448

2nd Global Edition

Authors: James R. Evans

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