SCENARIO 13-9 You Decide to Predict Gasoline Prices in Different Cities and Cities

question 167

Short Answer

SCENARIO 13-9
You decide to predict gasoline prices in different cities and towns in the United States for your term project.Your dependent variable is price of gasoline per gallon and your explanatory variables are per capita income and the number of firms that manufacture automobile parts in and around the city.You collected data of 32 cities and obtained a regression sum of squares SSR= 122.8821.Your computed value of standard error of the estimate is 1.9549.
-Referring to SCENARIO 13-9, what is the value of the coefficient of multiple determination?

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