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This question was created from BA 6090 - Homework #4.pdf https://www.coursehero.com/file/52205245/BA-6090-Homework-4pdf/

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6) An analyst for a shopping district would like to determine the rental premium that should be charg
for retail spaces that are close to parking. The analyst takes a random sample of retail spaces in simil
shopping districts and measures the monthly rent ($) and distance from parking (in yards) for each re
space. Note: the analyst wants to figure out how much to charge for rent based on distance from
parking, using data from similar shopping districts to model this relationship.
a) What are the dependent and independent variables in this analysis?
Y=
X =
Here is the scatterplot of the data:
Rent and Distance from Parking
18000
17000
Monthyl Rent ($
16000
15000
14000
13000
12000
11000
10000
0 25 50 75 100 125 150 175 200 225 250 275 300
Distance from Parking (yards)
b) Is it appropriate to model this data with linear regression? Why?

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a the dependent and the independent variables y = Monthly rent x = Distance from... View the full answer

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