Essay
(A)Estimate the regression model.How well does this model fit the given data?
(B)Yes,there is a linear relationship between the number of carpet installations and the number of building permits issued at a = 0.10; The p-value = 0.0866 for the F-statistic.You can conclude that there is a significant linear relationship between these two variables.
(C)The Durbin-Watson statistic for this data was 1.2183.Given this information what would you conclude about the data?
(D)Given your answer in (C),would you recommend modifying the original regression model? If so,how would you modify it?
Correct Answer:
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(A) 
= -115076.69 + 53.469 ; since = 0...View Answer
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Correct Answer:
Verified
= -115076.69 + 53.469 ; since = 0...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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