CHAPTER 6

Multiple Linear Regressions

Having learned the concept of econometric forecasting, Rea is looking forward to the multiple linear regression technique so that he can show the determinants of home prices to his customers at Realmart. Fin also tells us that the U.S. stock market has performed very well since 2010, and he wonders how this factor affects consumer spending. Ex then says that incomes are rising worldwide thanks to the recoveries from the global recession and adds that he wishes to see how they will affect the U.S. exports. Dr. Theo tells us that all these issues will be discussed this week and that once we finish with the chapter, we will be able to:

1.Develop models for multiple linear regressions and discuss conditions for ...

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