Question
A real estate developer wishes to predict electricity consumption based on atmospheric temperature. He collected data on 30 houses. Let the variable Electricity consumption be
A real estate developer wishes to predict electricity consumption based on atmospheric temperature. He collected data on 30 houses. Let the variable Electricity consumption be the monthly electricity consumption in kilowatts (kw) for a house and Temperature be the monthly average atmospheric temperature in C in the area of the house. Following is the output from a simple linear regression obtained from the collected data:
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Mathematics for Economics and Business
Authors: Ian Jacques
9th edition
129219166X, 9781292191706 , 978-1292191669
