An article in Techno metrics by S. C. Narula and

An article in Techno metrics by S. C. Narula and

An article in Techno metrics by S. C. Narula and J. F. Wellington (?oPrediction, Linear Regression, and a Minimum Sum of Relative Errors,?? Vol. 19, 1977) presents data on the selling price and annual taxes for 24 houses. The data are shown in the following table.

(a) Assuming that a simple linear regression model is appropriate, obtain the least squares fit relating selling price to taxes paid. What is the estimate of s2?

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