Question
Use technology to find(a) the multiple regression equation for the data shown in the accompanyingtable, (b) the standard error estimate and interpret theresult, and(c) the
Use technology to find(a) the multiple regression equation for the data shown in the accompanyingtable, (b) the standard error estimate and interpret theresult, and(c) the coefficient of determination and interpret the result.
The accompanying table shows the total square footages(in billions) of retailing space at shoppingcenters, the numbers(in thousands) of shoppingcenters, and the sales(in billions ofdollars) for shopping centers for eight years.
Sales y, 123.3, 211.1, 385.9, 475.1, 641.1, 716.7, 768.2, 806.3, 851.3, 893.4, 933.9.
Total sq x1, 1.4, 2.7, 3.1, 3.6, 4.3, 4.6, 4.7, 4.8, 4.9, 5.0, 5.1.
Shopping x2, 13.7, 17.9, 21.6, 25.4, 32.7, 37.9, 38.9, 39.5, 40.7, 41.6, 42.1.
(a) What is the regressionequation?
(b) The standard error is? (Interpret the standard error?)
(c) The coefficient of determination is? (Interpret the coefficient of determinant?)
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