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Based on a 95% confidence level, which independent variables were statistically significant predictors of number of weekly riders? Which variables were not? Demand estimation using

  1. Based on a 95% confidence level, which independent variables were statistically significant predictors of number of weekly riders? Which variables were not?

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Demand estimation using linear regression City S & & 8 y + - N - Y X1 X2 X3 X4 umber of reekly ride rice per recopulation of citlonthly income of ridererage parking rates per month 192,000 $15 1,800,000 $5,800 $50 190,400 $15 1,790,000 $6,200 $50 191,200 $15 1,780,000 $6,400 $60 177,600 $25 1,778,000 $6,500 $60 176,800 $25 1,750,000 $6,550 $60 178,400 $25 1,740,000 $6,580 $70 180,800 $25 1,725,000 $8,200 $75 175,200 $30 1,725,000 $8,600 $75 174,400 $30 1,720,000 $8,800 $75 173,920 $30 1,705,000 $9,200 $80 172,800 $30 1,710,000 $9,630 $80 163,200 $40 1,700,000 $10,570 $80 161,600 $40 1,695,000 $11,330 $85 161,600 $40 1,695,000 $11,600 $100 160,800 $40 1,690,000 $11,800 $105 159,200 $40 1,630,000 $11,830 $105 148,800 $65 1,640,000 $12,650 $105 115,696 $102 1,635,000 $13,000 $110 147,200 $75 1,630,000 $13,224 $125 150,400 $75 1,620,000 $13,766 $130 152,000 $75 1,615,000 $14,010 $150 136,000 $80 1,605,000 $14,468 $155 126,240 $86 1,590,000 $15,000 $165 123,888 $98 1,595,000 $15,200 $175 126,080 $87 1,590,000 $15,600 $175 151,680 $77 1,600,000 $16,000 $190 152,800 $63 1,610,000 $16,200 $200 21 23 27

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