13.39 House prices Use software with the House Selling Prices OR data file on the books website...
Question:
13.39 House prices Use software with the House Selling Prices OR data file on the book’s website to do residual analyses with the multiple regression model for y = house selling price (in thousands), x1 = lot size, and x2 = number of bathrooms.
a. Find a histogram of the standardized residuals. What assumption does this check? What do you conclude from the plot?
b. Plot the standardized residuals against the lot size. What does this check? What do you conclude from the plot?
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Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9781292164878
4th Global Edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
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