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Use the following information to answer the question(s) below. A home appraisal company would like ...

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Use the following information to answer the question(s) below. A home appraisal company would like ...

Use the following information to answer the question(s) below.

A home appraisal company would like to develop a regression model that would predict the selling price of a house based on the age of the house in years (Age), the living area of the house in square feet (Living Area) and the number of bedrooms (Bedrooms). The following Excel output shows the partially completed regression output from a random sample of homes that have recently sold.

The sum of squares error for this regression model is ________.

▸ 12,236,421,969.1

▸ 14,263,134,094.3

▸ 36,709,265,906.7

▸ 50,972,400,000.0

Textbook

Business Statistics

Edition: 2^nd

Author: Donnelly

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