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Ishrat (60106) QRM Assignment 3
Ishrat (60106) QRM Assignment 3
Ishrat (60106) QRM Assignment 3
Under these circumstances, you have bought a home of 100 sq. meters and its price is Rs.
105,000,00. How many rooms will it have? Also calculate the value of ɛt for the equation.
SOLUTION:
Price = ɑo + β1 (Rooms) + β2 (Sq. ft) + ɛt
Price= 105,000,00
Sq= 100
Room= ?
Error = ?
Room=5
Page 1 of 2
2-Calculate Error Term ?
ɛt=500000
Page 2 of 2