PROJECT #1 - Mortgage Foreclosure Rate and Economic Indicators (n = 50 states, k = 7 predictors)
	2007 Foreclosure Rates (per 1,000)	Mass Layoff events per 100,000 people	Share of new mortgages that were subprime in 2005	average home prices to median household income ratio	Home Ownership rates (%) 2005	Period Ended Dec 06 Average 5Yr home price appreciation	2007 Unemployment rate percent change	% of housing that was moved into in 2000-2005
State	Foreclosure	MassLayoff	SubprimeShare	PriceIncomeRatio	Homeownership	5YrApp	UnempChange	%HousMoved
Alabama	2.70	5.96	28%	4.04	76.6	32.51	0.00%	0.448
Alaska	4.90	2.78	18%	5.54	66.0	53.91	-4.62%	0.426
Arizona	15.20	1.56	26%	6.79	71.1	96.55	-7.32%	0.383
Arkansas	5.10	2.43	23%	3.68	69.2	32.62	1.89%	0.419
California	19.20	11.30	25%	9.54	59.7	105.80	10.20%	0.361
Colorado	19.20	1.65	24%	6.68	71.0	22.24	-11.63%	0.376
Connecticut	8.30	1.46	23%	6.52	70.5	57.96	4.55%	0.406
Delaware	2.70	1.97	20%	6.07	75.8	70.83	-2.86%	0.448
Florida	20.00	4.36	30%	7.30	72.4	106.90	17.65%	0.348
Georgia	15.70	3.67	28%	4.55	67.9	28.02	-4.35%	0.38
Hawaii	2.00	3.58	19%	8.92	59.8	108.52	4.00%	0.474
Idaho	6.10	6.14	22%	5.01	74.2	61.54	-15.63%	0.413
Illinois	12.50	4.99	29%	6.51	70.9	42.36	8.70%	0.39
Indiana	10.30	5.91	26%	4.15	75.0	16.98	-8.16%	0.393
Iowa	3.10	6.43	22%	4.01	73.9	23.59	0.00%	0.442
Kansas	2.00	3.31	23%	4.38	69.5	24.64	-4.65%	0.475
Kentucky	2.70	8.16	24%	4.68	71.6	24.62	-5.17%	0.449
Louisiana	2.00	2.49	28%	3.92	72.5	41.22	-2.56%	0.494
Maine	0.40	3.04	22%	4.86	73.9	59.60	2.17%	0.528
Maryland	8.30	2.28	27%	6.91	71.2	99.86	-5.26%	0.407
Massachusetts	6.60	1.98	19%	6.43	63.4	48.75	-6.25%	0.411
Michigan	19.50	9.42	28%	4.95	76.4	16.15	4.35%	0.353
Minnesota	5.10	3.83	23%	5.24	76.5	41.91	15.00%	0.422
Mississippi	1.10	2.74	33%	3.93	78.8	31.12	-5.97%	0.5
Missouri	9.10	5.60	27%	4.92	72.3	33.11	4.17%	0.399
Montana	2.70	5.12	18%	5.95	70.4	62.15	-6.06%	0.45
Nebraska	4.70	1.80	22%	4.65	70.2	20.31	0.00%	0.432
Nevada	33.80	5.26	28%	5.66	63.4	99.35	14.29%	0.335
New Hampshire	2.10	2.36	20%	6.75	74.0	54.10	2.86%	0.472
New Jersey	9.00	5.79	21%	7.03	70.1	78.52	-10.64%	0.401
New Mexico	3.60	2.79	22%	5.23	71.4	55.63	-18.60%	0.441
New York	4.90	3.80	23%	6.31	55.9	67.34	-2.17%	0.426
North Carolina	7.40	1.03	22%	4.57	70.9	30.90	0.00%	0.411
North Dakota	0.80	3.44	16%	4.30	68.5	39.15	0.00%	0.502
Ohio	18.00	6.24	26%	4.83	73.3	16.53	3.70%	0.378
Oklahoma	5.20	1.91	27%	4.32	72.9	26.00	4.88%	0.418
Oregon	5.40	6.88	22%	6.52	68.2	68.91	-3.70%	0.414
Pennsylvania	3.00	9.50	19%	5.11	73.3	55.32	-4.35%	0.448
Rhode Island	4.10	5.10	27%	6.68	63.1	83.08	-1.96%	0.441
South Carolina	2.20	4.02	24%	4.93	73.9	33.86	-7.81%	0.462
South Dakota	0.10	1.38	18%	4.53	68.4	33.65	-3.23%	0.548
Tennessee	9.80	2.52	27%	4.37	72.4	30.32	-7.84%	0.396
Texas	9.40	1.80	29%	4.20	65.9	24.18	-12.24%	0.398
Utah	8.50	1.63	25%	5.20	73.9	43.93	-10.00%	0.404
Vermont	0.10	8.69	15%	4.77	74.2	63.02	5.41%	0.587
Virginia	5.10	1.84	21%	8.38	71.2	80.60	0.00%	0.422
Washington	5.70	2.92	22%	6.58	67.6	66.13	-8.16%	0.414
West Virginia	0.50	1.05	21%	4.34	81.3	35.82	-2.13%	0.502
Wisconsin	4.90	12.50	21%	4.83	71.1	36.37	4.26%	0.428
Wyoming	1.50	0.96	23%	5.06	72.8	62.56	-9.09%	0.498

Use the standard error to construct an approximate prediction interval for Y. Based on the width of this prediction interval, would you say the predictions are good enough to have practical value?