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A study is conducted to estimate the demand for housing (y) based on current interest rate X1 and the rate of unemployment. The data in Table 8.6.1 are obtained.

(a) Fit the multiple regression model y = β0 + β1x1 + β1x2 + ε.

Table 8.6.1
Units sold	Interest rate (%)	Unemployment rate (%)
65	9.0	10.0
59	9.3	8.0
80	8.9	8.2
90	9.1	7.7
100	9.0	7.1
105	8.7	7.2

(b) Test whether the model is signi?cant.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91640316

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