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The price of lumber is typically a nonlinear distribution. Here are the current prices at a popular home improvement store for 2 x 4 lumber
The price of lumber is typically a nonlinear distribution. Here are the current prices at a popular home improvement store for 2" x 4" lumber in different lengths.
length - feet | price |
8 | $5.11 |
10 | $7.58 |
12 | $9.12 |
16 | $12.87 |
- Using the above data, what is the equatio for the quadratic regression model, in r2?
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