Automobile Demand in U.S.

Automobile Demand in U.S. - 3 Assess the goodness of fit of...

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 PROBLEM NO. 3 The factors that affect the demand for new passenger cars in the U.S. are given; From these data following questions. 1. Estimate the demand equation for new cars of the form       Y = a +b1X1 + b2X2 + b3X3+b4X4 2. With the use of a graph, compare the estimated demand Y' based on the above      equation with the actual data. Graph both the actual and the estimated demand
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Unformatted text preview: 3. Assess the goodness of fit of between the actual and the estimated demand 4. State the specific effects of each independent variable on the demand for automobile 5. Identify the significant variables using the t test. Use the 5% level of sginificance. a answer the...
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Automobile Demand in U.S. - 3 Assess the goodness of fit of...

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