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What is Income Impact on Car Prices Analysis about?

The document describes using regression analysis to understand the relationship between annual income and automotive prices using a dataset with 100 observations of income and price variables. The regression equation estimated that price is equal to 5787.9 + 0.22754 * income. Annual income was found to have a statistically significant impact on price based on a t-stat of 9.075858 and p-value less than 0.05. The regression model explains approximately 45.7% of the variation in price based on the R-squared va

Author

Peak Chindapol

Language

EN