Unformatted text preview: additional square foot in size. The intercept, if taken literally, suggests a house with zero square feet would cost − $18,386, a meaningless value. The model should not be accepted as a serious one in the region of zero square feet. 100,000 200,000 300,000 400,000 500,000 600,000 1,000 2,000 3,000 4,000 5,000 SQFT Figure xr2.12(b) Fitted regression line...
View Full Document
- Spring '11
- Econometrics, Imperial units, square feet, Square foot