For the data of Exercise 12.5, estimateσ2.
Exercise 12.5: The electric power consumed each month by a chemical plant is thought to be related to the average ambient temperaturex1, the number of days in the monthx2, the average product purityx3, and the tons of product producedx4. The past year’s historical data are available and are presented in the following table.
Y
x1
x2
x3
x4
240
25
24
91
100
236
31
21
90
95
290
45
88
110
274
60
87
301
65
94
316
72
26
99
300
80
97
296
84
86
96
267
75
276
105
288
50
261
38
23
89
98
(a) Fit a multiple linear regression model using the above data set.
(b) Predict power consumption for a month in which
x1 = 75°F,x2 = 24 days,x3 = 90%, andx4 = 98 tons.
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