MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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To investigate the relationship between the milage and sales price for a popular car model the pictured
a) Based on the excel output that's pictured, what is the estimated regression equation that could be used to predict the price given the miles?
b) Does the model fit the data? (ie whether the regression relationship is statistically significant) Did the estimated regression equation provide a good fit? (ie use the coefficient of determination to explain variability independent variable)
c) Suppose you are considering purchasing a car of this model with 60000 miles. Using the estimated regression equation, predict the price.
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