Identify any unusual observations (outliers), research and discuss. Based on the linear regressions and your analysis, which item would be the best predictor of the overall cost in these cities? Which would be the worst?
The Mercer Human Resource Consulting website (www.mercer.com) lists prices of certain items in selected cities around the world. They also report an overall cost-of-living index for each city compared to the costs of hundreds of items in New York City (NYC). For example, London at 88.33 is 11.67% less expensive than NYC. You’ll find the […]