Business, 21.04.2020 16:33 cici86

A European used car dealer built a multiple linear regression model to predict the resale price of a used car based on its conditions and features. The model with estimated coefficients is:

Descriptions of the variables in the model:

a. Price: Offer price in Euros
b. Age: Age in months as of August 2004
c. Weight: Weight in kilograms
d. HP: Horsepower
e. KM: Cumulative kilometers on odometer
f. Quarterly_Tax: Quarterly road tax in Euros
g. Fuel_Type: Fuel type (Petrol, Diesel, CNG)

Interpret the meaning of coefficient ( 16.44) of variable Quarterly_Tax.

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