Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi. Appreciate your help. One question. How can the residual be $59,9037.25? $841,137.25-242,100= $599,037.25? Does that sound like a realistic residual number? I have never

Hi. Appreciate your help. One question. How can the residual be $59,9037.25? $841,137.25-242,100= $599,037.25? Does that sound like a realistic residual number? I have never done residuals before... if the remaining 49 units end up with such a large figure that seems to me that the regression model is not appropriate to develop? This is my scatterplot. FYI. THX.

image text in transcribed
2019 County Data Scatterplot $800,000 $700,000 $600,000 y = 400.95x + 313888 $500,000 R2 = 0.0026 Median Listing Price (y $400,000 $300,000 $200,000 $100,000 so 0 10 20 30 40 50 60 Median Square Feet (x)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Spherical Radial Basis Functions, Theory And Applications

Authors: Simon Hubbert, Quoc Thong Le Gia, Tanya M Morton

1st Edition

331917939X, 9783319179391

More Books

Students also viewed these Mathematics questions