A certain town is located approximately 25 miles east of a large city. The data organized below include the appraised value (in thousands of dollars), land area of the property in acres, and age, in years, for a sample of 20 single-family homes located in the town. Develop a multiple linear regression model to predict appraised value based on land area of the property and age, in years. Complete part (a) a) State the multiple regression equation. Let X1i represent the land area of the property in acres and let X2i age, in years.
A certain town is located approximately 25 miles east of a large city. The data organized below include the appraised value (in thousands of dollars), land area of the property in acres, and age, in years, for a sample of 20 single-family homes located in the town. Develop a multiple linear regression model to predict appraised value based on land area of the property and age, in years. Complete part (a) a) State the multiple regression equation. Let X1i represent the land area of the property in acres and let X2i age, in years.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A certain town is located approximately 25 miles east of a large city. The data organized below include the appraised value (in thousands of dollars), land area of the property in acres, and age, in years, for a sample of 20 single-family homes located in the town. Develop a multiple linear regression model to predict appraised value based on land area of the property and age, in years. Complete part (a)
a) State the multiple regression equation. Let X1i represent the land area of the property in acres and let X2i age, in years.
Transcribed Image Text:Appraised Value Property Size
461.8
0.2254
361.7
0.2188
424.7
0.1645
543.4
0.4659
400.7
0.2566
373.1
0.2279
312.4
0.1832
741.4
0.5047
216.7
0.2284
631.8
0.1326
348.6
0.1764
351.4
0.4263
350.8
0.2502
279.6
0.1194
304.5
0.1613
286.7
0.1788
399.2
0.3803
610.3
0.6588
315.1
0.1745
362.8
0.1474
Age
47
57
24
12
49
87
49
3
58
12
59
47
45
19
68
59
49
45
59
70
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