You are required to write the multiple regression How would you interpret the above ‘Output’ of a regression analysis performed in SPSS? From the above results, what can you say about the nature of autocorrelation? Is there multicollinearity in regression? How do you know?
You are required to write the multiple regression How would you interpret the above ‘Output’ of a regression analysis performed in SPSS? From the above results, what can you say about the nature of autocorrelation? Is there multicollinearity in regression? How do you know?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.3: Simple Regression Models
Problem 6P: Do the sales prices of houses in a given community vary systematically with their sizes (as measured...
Related questions
Question
A sample consists of 500 houses sold in Karachi between January 2020 and December 2020. The multiple linear regression analysis is carried out to predict the house prices for investment in residential properties in Karachi, Pakistan. The output below is produced using SPSS. (300 words) Table: Coefficients
Model |
Unstandardized Coefficients |
t |
VIF |
Constant |
14.208 |
5.736 |
|
Age of house |
-0.299 |
-2.322 |
1.58 |
Square footage of the house |
0.364 |
2.931 |
1.71 |
Income of families in the area |
0.004 |
0.392 |
1.01 |
Transportation time to major markets |
-0.337 |
-2.619 |
1.90 |
R2 = 0.67; DW = 2.08 |
|
|
|
Dependent Variable: House price (Pakistani rupees in Million)
- You are required to write the multiple regression
- How would you interpret the above ‘Output’ of a regression analysis performed in SPSS?
- From the above results, what can you say about the nature of autocorrelation?
- Is there multicollinearity in regression? How do you know?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing