Question
Fit the following two linear models: Model 1: apart price = b0 + b1 rent Model 2: apart price = c0 + c1 cost Write
Fit the following two linear models:
Model 1: apart price = b0 + b1 rent
Model 2: apart price = c0 + c1 cost
Write down the equations of the two models with correct coefficients.
data set
apart_price 500 505 515 520 525 535 540 550 555 570 585 590 595 600 615 620 625 630 635 645 660 665 670 675 685 695 710 720 725 730 735 750 755 765 770 775 785 795 800 805 810 815 825 835 840 845 860 875 890 905
rent 350 360 370 380 385 395 400 415 420 430 440 450 455 465 480 485 490 505 510 520 530 540 545 560 565 575 580 595 600 610 620 630 640 645 655 665 675 680 690 705 710 720 725 735 750 755 760 775 780 800
cost_of_property 300 305 310 320 330 340 350 360 370 380 390 400 410 365 370 375 380 385 390 395 400 405 410 415 420 425 430 435 440 445 450 455 460 465 470 475 480 485 490 495 500 505 510 515 520 525 530 535 540 545
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