Question
Please advise if the explanation of the Scatter Plotts is correct. Price (Dependent Variable) and Size of Living Space (Independent). Price (Dependent Variable) and HSQFT
Please advise if the explanation of the Scatter Plotts is correct.
Price (Dependent Variable) and Size of Living Space (Independent).
Price (Dependent Variable) and HSQFT (Independent). The data doesn't have a trend of either upward or downward, it implies a "no relationship". In terms of correlation, the plot is spread out this means that the data exhibits a poor or lower correlation based on the plot.
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Econometrics By Example
Authors: Damodar Gujarati
2nd Edition
1137375019, 9781137375018
