Do the sales prices of houses in a given community vary systematically with their sizes (as measured
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Do the sales prices of houses in a given community vary systematically with their sizes (as measured in square feet)? Answer this question by estimating a simple regression model where the sales price of the house is the dependent variable, and the size of the house is the explanatory variable. Use the sample data given in P16_06.xlsx. Interpret your estimated model, the associated R-square value, and the associated standard error of estimate.
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Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright
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