1. Linear Regression: Toyota Car Example Linear Regression Results Variable Coefficient t-Stat p-Value Age -115.722 -33.359 0.005 Kilometer -0.021 -12.876 0.000 HP 24.968 6.781 0.035 Quarterly Tax 0.199 0.116 0.908 Weight 20.386 13.857 0.074 (Intercept) -5757.402 -3.803 0.000 Significant and Insignificant Variables: Impact of variables on the car price: Linear Equation: Car Price: ? Car Data Variable Car Age 72 months Kilometer 110,634 km HP 86 hp Quarterly Tax $67 Weight 1,015 kg Price ?

Chemistry
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ISBN:9781305957404
Author:Steven S. Zumdahl, Susan A. Zumdahl, Donald J. DeCoste
Publisher:Steven S. Zumdahl, Susan A. Zumdahl, Donald J. DeCoste
Chapter1: Chemical Foundations
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1. Linear Regression: Toyota Car Example
Linear Regression Results
Variable
Coefficient
t-Stat
p-Value
Age
-115.722
-33.359
0.005
Kilometer
-0.021
-12.876
0.000
HP
24.968
6.781
0.035
Quarterly Tax
0.199
0.116
0.908
Weight
20.386
13.857
0.074
(Intercept)
-5757.402
-3.803
0.000
Significant and Insignificant Variables:
Impact of variables on the car price:
Linear Equation:
Car Price: ?
Car Data
Variable
Car
Age
72 months
Kilometer
110,634 km
HP
86 hp
Quarterly Tax
$67
Weight
1,015 kg
Price
?
Transcribed Image Text:1. Linear Regression: Toyota Car Example Linear Regression Results Variable Coefficient t-Stat p-Value Age -115.722 -33.359 0.005 Kilometer -0.021 -12.876 0.000 HP 24.968 6.781 0.035 Quarterly Tax 0.199 0.116 0.908 Weight 20.386 13.857 0.074 (Intercept) -5757.402 -3.803 0.000 Significant and Insignificant Variables: Impact of variables on the car price: Linear Equation: Car Price: ? Car Data Variable Car Age 72 months Kilometer 110,634 km HP 86 hp Quarterly Tax $67 Weight 1,015 kg Price ?
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