In your new role as a data scientist for a logging company, you build a regression for the value of a tree (in $). The regression output below estimates the value of a tree (in $) based on independent variables for the age of the tree in years (Age), the height of the tree in feet (Height) and the diameter of the tree in inches (Diameter). Standard Coefficients t Stat P-value Error Intercept 25.74 18.65 1.38 0.168 Age 6.57 3.63 1.81 0.070 Height 30.84 11.51 2.68 0.007 Diameter 36.80 17.36 2.12 0.034 What would the coefficient on Diameter be if diameter was measured in feet, not inches? Note that 12 inches = 1 foot. Please round your answer to 2 decimal places.
In your new role as a data scientist for a logging company, you build a regression for the value of a tree (in $). The regression output below estimates the value of a tree (in $) based on independent variables for the age of the tree in years (Age), the height of the tree in feet (Height) and the diameter of the tree in inches (Diameter). Standard Coefficients t Stat P-value Error Intercept 25.74 18.65 1.38 0.168 Age 6.57 3.63 1.81 0.070 Height 30.84 11.51 2.68 0.007 Diameter 36.80 17.36 2.12 0.034 What would the coefficient on Diameter be if diameter was measured in feet, not inches? Note that 12 inches = 1 foot. Please round your answer to 2 decimal places.
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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