Later, Ms. McDonald ran regression analysis in two different ways by transforming the data. Each is described below with appropriate computer output and graphics. II. Log(Price) versus Age: (Computer output, scatterplot, residual plot) Coef 1.43723 SE Coef 0.02881 0. 003569 Predictor 49. ৪9 0.000 -25.40 Constant OR0652 0.000

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Question: Give the equation of the model you chose in (b ) using the transformed variables .
III. Log(Price) versus Log(Age)
Predictor
Constant
Coef
1.77448
SE Coef
0.07822
22.69
0.000
Log Age
-1.23359
0.09209
-13.40
0.000
S - 0.0867773
91.84
R-Sq - 92.3%
R-Sq(adj) -
Transcribed Image Text:III. Log(Price) versus Log(Age) Predictor Constant Coef 1.77448 SE Coef 0.07822 22.69 0.000 Log Age -1.23359 0.09209 -13.40 0.000 S - 0.0867773 91.84 R-Sq - 92.3% R-Sq(adj) -
Later, Ms. McDonald ran regression analysis in two different ways by transforming the data. Each is
described below with appropriate computer output and graphics.
II. Log(Price) versus Age: (Computer output, scatterplot, residual plot)
SE Coef
0.02881
-0.090652 0.003569
Coef
1.43723
Predictor
T
49.89 0.000
-25.40 0.000
Constant
Age
S = 0.0470892
97.65
R-Sq = 97.74
R-Sq(adj) =
梦 $
a
hp
f12
fg
f6
Transcribed Image Text:Later, Ms. McDonald ran regression analysis in two different ways by transforming the data. Each is described below with appropriate computer output and graphics. II. Log(Price) versus Age: (Computer output, scatterplot, residual plot) SE Coef 0.02881 -0.090652 0.003569 Coef 1.43723 Predictor T 49.89 0.000 -25.40 0.000 Constant Age S = 0.0470892 97.65 R-Sq = 97.74 R-Sq(adj) = 梦 $ a hp f12 fg f6
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Polar Equations of Conics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman