Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Exhibit below represents the regression and parameter estimates output for the model: [ANOVA Table] df SS MS F Significance F Regression 6 3.86147E+11 64357818128
The Exhibit below represents the regression and parameter estimates output for the model: [ANOVA Table] df SS MS F Significance F Regression 6 3.86147E+11 64357818128 45.24558313 1.69349E-25 Residual 93 1.32284E+11 1422411066 Total 99 5.18431E+11 [Parameter Estimates] Coefficients Standard Error T Stat P-value VIF Intercept 6445.524141 199779.45552 0.32587 0.745255 Living Area (SqFt) 76.51491151 9.633241913 7.9428 4.46E-12 3.0363 Bathrooms 21018.27203 9506.408968 2.210958 0.02949 3.0705 Bedrooms -5955.453004 7042.776039 -0.84561 0.39994 1.7334 Fireplace 166.6883816 9597.223795 0.017368 0.98618 1.5774 Lot Size (Acres) 821.3660816 5037.899967 0.163037 0.870843 1.1200 Age (Yrs) -39.07529509 184.6254859 -0.21165 0.832846 1.7218 To test for the overall significance of the regression model from the above output, we can assume
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started