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pacman::p_load(ggstatsplot, tidyverse)JS K.
Rows: 322 Columns: 7
── Column specification ────────────────────────────────────────────────────────
Delimiter: ","
chr (4): ID, CLASS, GENDER, RACE
dbl (3): ENGLISH, MATHS, SCIENCE
ℹ Use `spec()` to retrieve the full column specification for this data.
ℹ Specify the column types or set `show_col_types = FALSE` to quiet this message.


# A tibble: 1,436 × 38
Id Model Price Age_08_04 Mfg_Month Mfg_Year KM Quarterly_Tax Weight
<dbl> <chr> <dbl> <dbl> <dbl> <dbl> <dbl> <dbl> <dbl>
1 81 TOYOTA … 18950 25 8 2002 20019 100 1180
2 1 TOYOTA … 13500 23 10 2002 46986 210 1165
3 2 TOYOTA … 13750 23 10 2002 72937 210 1165
4 3 TOYOTA… 13950 24 9 2002 41711 210 1165
5 4 TOYOTA … 14950 26 7 2002 48000 210 1165
6 5 TOYOTA … 13750 30 3 2002 38500 210 1170
7 6 TOYOTA … 12950 32 1 2002 61000 210 1170
8 7 TOYOTA… 16900 27 6 2002 94612 210 1245
9 8 TOYOTA … 18600 30 3 2002 75889 210 1245
10 44 TOYOTA … 16950 27 6 2002 110404 234 1255
# ℹ 1,426 more rows
# ℹ 29 more variables: Guarantee_Period <dbl>, HP_Bin <chr>, CC_bin <chr>,
# Doors <dbl>, Gears <dbl>, Cylinders <dbl>, Fuel_Type <chr>, Color <chr>,
# Met_Color <dbl>, Automatic <dbl>, Mfr_Guarantee <dbl>,
# BOVAG_Guarantee <dbl>, ABS <dbl>, Airbag_1 <dbl>, Airbag_2 <dbl>,
# Airco <dbl>, Automatic_airco <dbl>, Boardcomputer <dbl>, CD_Player <dbl>,
# Central_Lock <dbl>, Powered_Windows <dbl>, Power_Steering <dbl>, …
Call:
lm(formula = Price ~ Age_08_04 + Mfg_Year + KM + Weight + Guarantee_Period,
data = car_resale)
Coefficients:
(Intercept) Age_08_04 Mfg_Year KM
-2.637e+06 -1.409e+01 1.315e+03 -2.323e-02
Weight Guarantee_Period
1.903e+01 2.770e+01
# Check for Multicollinearity
Low Correlation
Term VIF VIF 95% CI Increased SE Tolerance Tolerance 95% CI
KM 1.46 [ 1.37, 1.57] 1.21 0.68 [0.64, 0.73]
Weight 1.41 [ 1.32, 1.51] 1.19 0.71 [0.66, 0.76]
Guarantee_Period 1.04 [ 1.01, 1.17] 1.02 0.97 [0.86, 0.99]
High Correlation
Term VIF VIF 95% CI Increased SE Tolerance Tolerance 95% CI
Age_08_04 31.07 [28.08, 34.38] 5.57 0.03 [0.03, 0.04]
Mfg_Year 31.16 [28.16, 34.48] 5.58 0.03 [0.03, 0.04]
Variable `Component` is not in your data frame :/
