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Unformatted text preview: As the size of the house increases, the spread of distribution of residuals increases, indicating that there is not a constant variance of the error term with respect to house size. (e) Using the model estimated in part (b), the predicted price when 2000 SQFT = is n 18,386 81.389 2000 $144,392 PRICE = − + × =...
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This note was uploaded on 11/23/2011 for the course ECON MPBE taught by Professor Jansveceny during the Spring '11 term at Metropolitní Univerzita Praha.
- Spring '11