Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, I'm having trouble calculating the strength of R-squared and a regression equation. I'm not sure how to do so. Can you tell me the

image text in transcribed

Hi, I'm having trouble calculating the strength of R-squared and a regression equation. I'm not sure how to do so. Can you tell me the equations to use and how to determine which numbers to use in said equations? These are my calculated statistics:

Regression Statistics
Multiple R0.9304952
R Square0.865821318
Adjusted R Square0.863025929
Standard Error64537.12352
Observations50
ANOVA
dfSSMSFSignificance F
Regression11.29E+121.29E+12309.7319381.42368E-22
Residual482E+114.17E+09
Total491.49E+12
CoefficientsStandard Errort StatP-valueLower 95%Upper 95%Lower 95.0%Upper 95.0%
Intercept46248.2419031.072.4301450.0188827983.72184512.767983.72184512.76
X Variable 1132.94397.55397317.59921.42E-22117.7556148.1322117.7556148.1322

And these are my graphs. One contains the line of best fit equation, and one contains the regression equation.

Regression equation graph:

image text in transcribedimage text in transcribed
House Prices in 2019 1,000,000 y = 132.94x + 46248 900,000 R

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

Logic And Structure

Authors: Dirk Van Dalen

5th Edition

1447145585, 9781447145585

More Books

Students also viewed these Mathematics questions

Question

3. An initial value (anchoring).

Answered: 1 week ago

Question

4. Similarity (representativeness).

Answered: 1 week ago