Mathematics, 05.08.2020 02:01 lerinmarie
Develop a multiple linear regression model to predict the price of a house using the square feet of living area, number of bedrooms, and number of bathrooms as the predictor variables
Write the reqression equation.
Discuss the statistical significance of the model as a whole using the appropriate regression statistic at a 95% level of confidence.
Discuss the statistical significance of the coefficient for each independent variable using the appropriate regression statistics at a 95% level of confidence.
Interpret the coefficient for each independent variable.
What percentage of the observed variation in housing prices is explained by the model?
Determine the prediction interval of a house with 3,000 square feet of living area, 3 bedrooms, and 2.5 bathrooms, and comment on the prediction interval.
Prepare a single Microsoft Excel file to document your regression analyses. Prepare a single Microsoft Word document that outlines your responses for each portion of the case study.
Selling Price Living Area (Sq Feet) No. Bathrooms No Bedrooms Age (Years)
$240,000 2,022 2.5 3 20
$235,000 1,578 2 3 20
$500,075 3,400 3 3 20
$240,000 1,744 2.5 3 20
$270,000 2,560 2.5 3 20
$225,000 1,398 2.5 3 20
$280,000 2,494 2.5 3 20
$225,000 2,208 2.5 4 20
$248,220 2,550 2.5 3 20
$275,000 1,812 2.5 2 20
$137,000 1,290 1 2 20
$150,000 1,172 2 2 20
$649,000 4,128 3.5 3 20
$195,000 1,816 2.5 3 97
$373,200 2,628 2.5 4 20
$169,450 1,254 2.5 3 20
$144,200 1,660 1.5 4 20
$189,900 1,850 1.5 3 20
$166,000 1,258 2 3 20
$160,000 1,219 2 3 20
$327,355 1,850 2.5 3 20
$247,000 2,103 2.5 3 20
$318,000 1,806 2.5 3 20
$341,000 1,674 1.5 2 17
$288,650 2,242 2.5 3 20
$157,000 1,408 1.5 3 20
$449,000 3,457 2.5 3 21
$142,000 1,728 1.5 3 21
$389,000 2,354 2.5 3 21
$476,000 2,246 2.5 3 21
$249,230 1,902 2.5 2 21
$139,900 1,178 1 3 21
$301,900 2,896 3.5 4 21
$425,000 2,457 3 3 41
$121,000 936 1 3 50
$150,000 934 1 2 21
$138,000 1,279 1 3 21
$199,900 1,888 2 3 26
$145,000 1,686 1.5 4 21
$465,000 2,310 3 2 21
$158,000 1,200 1.5 3 21
Answers: 3
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