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Food Lion Inc. would like to investigate the feasibility and future prospects of setting up stores in Denton County. Food Lion has provided you with
Food Lion Inc. would like to investigate the feasibility and future prospects of setting up stores in Denton County. Food Lion has provided you with a sample from a database of household financial variables. They would like you to use regression techniques to predict the monthly expenditure on groceries, of families who either rent or own their homes in Denton. The sample contains 100 records. The various fields in the sample are: Income1 Annual income of head of household or primary wage earner Income2 Annual income of secondary wage earner Famlsize Size of family (number of people permanently residing in the household) Ownorent 1 if household is owned; 0 if it is rented Autodebt Automobile related debt pending for wage earners in the household Hpayrent Household mortgage payment or rent per month Groc Monthly expenditure on groceries Loc 1 = East Denton (E); 0 = West Denton(W); -1 = North Denton (N); 2 = South Denton (S)
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