Yi = -1336.049+12.7X1i+8.57X2i SE (175.2725) (0.9123) (5.8019) R2 = 0.89 n=38 DW= 0.37 Where Y= Auction Price of antique clocks in dollars. X1= Age of clock in years and X2= Number of bidders * What does underlined bold term mean? Explain

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
Chapter4A: Problems In Applying The Linear Regression Model
Section: Chapter Questions
Problem 2E
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Yi = -1336.049+12.7X1i+8.57X2i
SE (175.2725) (0.9123) (5.8019)
R2 = 0.89 n=38 DW= 0.37
Where Y= Auction Price of antique clocks in dollars.
X1= Age of clock in years and X2= Number of bidders
* What does underlined bold term mean? Explain

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