Question
Back to our regression of house Price (in thousands of $) on house Size (in thousands of square feet). The R2 value is reported as
Back to our regression of house Price (in thousands of $) on house Size (in thousands of square feet). The R2 value is reported as 59.5%, and the standard deviation of the residuals is 53.79. Is the correlation of Price and Size positive or negative? How do you know?
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The correlation of Price and Size is positive The R2 value is a measure of how well th...
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Mathematical Statistics With Applications In R
Authors: Chris P. Tsokos, K.M. Ramachandran
2nd Edition
124171133, 978-0124171138
