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Business, 01.03.2021 22:00 DESIRE44030

A developer of summer cottage properties is considering purchasing a large tract of land adjoining a lake. The property is divide into separate lots and the developer wants to forecast the value of each lot. She knows from past experience that the most important factors affecting the price of a lot are size, number of mature trees, and distance to the lake. She gather information about 60 recently sold lots in the area and wants to build a regression model to make the required forecasts. a. Can she make a reliable forecast of prices using this model

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A developer of summer cottage properties is considering purchasing a large tract of land adjoining a...
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