2.9. Based on price statistics of 26 properties sold (Y USD/m² ) linear correlation coefficients were calculated with potential explanatory variables X,,X3,X3,X4. Vector Ro and matrix R are listed below 0,3 0,6 0,5 1 Ro R = -0,7 0,6 0,6 1 [- 0,4_ [0,8 0,8 0,7 1] The critical value of the linear correlation coefficient was assumed to be r*=0, 55. Perform the selection of explanatory variables for the model using the correlation coefficient analysis method.

2.9. Based on price statistics of 26 properties sold (Y USD/m² ) linear correlation coefficients were calculated with potential explanatory variables X,,X3,X3,X4. Vector Ro and matrix R are listed below 0,3 0,6 0,5 1 Ro R = -0,7 0,6 0,6 1 [- 0,4_ [0,8 0,8 0,7 1] The critical value of the linear correlation coefficient was assumed to be r*=0, 55. Perform the selection of explanatory variables for the model using the correlation coefficient analysis method.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

ChapterB: Differential Calculus Techniques In Management

Section: Chapter Questions

Problem 8E

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