Using the data in the Excel file Credit Card Spending, develop a multiple linear regression model for

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Using the data in the Excel file Credit Card Spending, develop a multiple linear regression model for estimating the average credit card expenditure as a function of both the income and family size. Predict the average expense of a family that has two members and an income of $188,000 per annum, and another that has three members and an income of

$39,000 income per annum.

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Business Analytics

ISBN: 9781292095448

2nd Global Edition

Authors: James R. Evans

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