A multiple regression analysis based on a data set of 500 observations yielded the following
estimated demand equation:
Q = 120 - 1.10 P + 0.04 I + 0.90 A
Solution
The lowest p value is 0.01. Therefore variable Pz could be dropped.
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A multiple regression analysis based on a data set of 500 observatio.pdf
1. A multiple regression analysis based on a data set of 500 observations yielded the following
estimated demand equation:
Q = 120 - 1.10 P + 0.04 I + 0.90 A
Solution
The lowest p value is 0.01. Therefore variable Pz could be dropped