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Multiple+Regression+Assignment+ MiniProject

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MD ABDUS SATTAR MOIN
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30 views2 pages

Multiple+Regression+Assignment+ MiniProject

Uploaded by

MD ABDUS SATTAR MOIN
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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The following data gives the selling price, square footage, number of bedrooms, and age of the houses

that have sold in a neighborhood in the past 6 months. Using the data provided develop the following.

Selling Price (Y) Square Footage (x1) Bedrooms (x2) Age(Years) (x3)
84,000 1670 2 30
79000 1339 2 25
945000 1712 3 30
120000 1840 3 40
127500 2300 3 18
132500 2234 3 30
145000 2311 3 19
164000 2377 3 7
155000 2736 4 10
168000 2500 3 1
172500 2500 4 3
174000 2479 3 3
175000 2400 3 1
177500 3124 4 0
184000 2500 3 2
195500 4062 4 10
195000 2854 3 3

1) Develop a regression model using ONLY data for the selling price and square footage
2) Develop a regression model using ONLY data for the selling price and number of bedrooms
3) Develop a regression model using ONLY data for the selling price and age of the home
4) Develop a regression model using data for the selling price, square footage, number of
bedrooms and the age of the houses.

Please be advised that you will create an output for EACH scenario listed above. DO NOT combine all
x’s until the very last item in number 4. Each x variable should be done by itself on a separate output
with its own model.

Using the multiple regression model output created for question 4, answer the questions below.

1) What is the measure of the strength of the linear relationship between the selling price and the
age of the houses, square footage and the number of bedrooms?
2) What is the proportion of variability in the selling price that is explained by the square footage,
number of bedrooms and the age of the houses?
3) What is the Mean Squared Error?
4) What is the Mean Square Regression?
5) What is the measure of the total variability in selling price about the mean?
6) What is the variability in the selling price about the regression line?
7) What is the total variability in the selling price explained by the regression model?
8) Give the F statistic, along with the degrees of freedom and the p value.
9) Is the model useful?
10) If you answered yes to question 9, give the selling price of the home if the age is 15 years, the
square footage is 4382 and the number of bedrooms is 5.

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