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Unformatted text preview: 0.00715 **Signif. codes: 0 *** 0.001 ** 0.01 * 0.05 . 0.1 1 Residual standard error: 17420 on 64 degrees of freedom (49 observations deleted due to missingness) Multiple Rsquared: 0.8216, Adjusted Rsquared: 0.8132 Fstatistic: 98.22 on 3 and 64 DF, pvalue: < 2.2e16 The new regressor CUST is found to be statistically signicant with a pvalue of 0.007. The obtained adjusted R 2 of 81% is also slightly higher than for the old MLR model with 79% for R 2 . The new MLR takes the form PRICE = 7248 . 077 + 63 . 914SQFT428 . 913AGE + 14931CUST + . (6.1) Hence, we can expect to pay about $14,931 more for a custom build house. 1...
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 Fall '08
 YuliaGel

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