This is part of Business Analytics / Data Analytics course I am taking at a community college -
Question:-
A bank developed a model for predicting the average checking and savings account balance as balance=-17732+367*age+1300*years education+0.116*household wealth
a. Explain how to interpret numbers in this model
b. Suppose that a customer is 32 years old, is a college graduate (so that years education=16) and has a household wealth of $150000. What is the predicted bank balance?