Question
In the Excel document, you will find the 2018 data for 17 cities in the data set Cost of Living. Included are the 2018 cost
In the Excel document, you will find the 2018 data for 17 cities in the data set Cost of Living. Included are the 2018 cost of living index, cost of a 3-bedroom apartment (per month), price of monthly transportation pass, price of a mid-range bottle of wine, price of a loaf of bread (1 lb.), the price of a gallon of milk and price for a 12 oz. cup of black coffee.All prices are in U.S. dollars.
You use this information to run a Multiple Linear Regression to predict Cost of living, along with calculating various descriptive statistics.This is given in the Excel output (that is, the MLR has already been calculated.Your task is to interpret the data).
Based on this information, in which city should you open a second office in and Why?
I will give thumbs up if the question in bold is answered. TIA! :)
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