2. if Pi = the price of the car measured in $ and Ai is the Age of Car measured in days and you regress Ai on Pi and you
Posted: Sun Sep 05, 2021 5:04 pm
2. if Pi = the price of the car measured in $ and Ai is the Age of Car measured in days and you regress Ai on Pi and you get the following result Pi= 15000-10 Ai +ei. now if you change the scale of measurement of Pi to JD and the sale of measurement of age to month. what is the value of b2 ? (note 1$=0.71 JD and month=30 days)* (2 points) The value must be a number