2.9. Based on price statistics of 26 properties sold (Y USD/m² ) linear correlation coefficients were calculated with potential explanatory variables X,,X3,X3,X4. Vector Ro and matrix R are listed below 0,3 0,6 0,5 1 Ro R = -0,7 0,6 0,6 1 [- 0,4_ [0,8 0,8 0,7 1] The critical value of the linear correlation coefficient was assumed to be r*=0, 55. Perform the selection of explanatory variables for the model using the correlation coefficient analysis method.

2.9. Based on price statistics of 26 properties sold (Y USD/m² ) linear correlation coefficients were calculated with potential explanatory variables X,,X3,X3,X4. Vector Ro and matrix R are listed below 0,3 0,6 0,5 1 Ro R = -0,7 0,6 0,6 1 [- 0,4_ [0,8 0,8 0,7 1] The critical value of the linear correlation coefficient was assumed to be r*=0, 55. Perform the selection of explanatory variables for the model using the correlation coefficient analysis method.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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