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Lab6 Hoursing Price Regression

The document outlines a lab exercise on regression analysis using a housing prices dataset, which includes house size, number of bedrooms, and price. It details the creation of a sample dataset, the application of multiple linear regression using the statsmodels library, and the interpretation of results including coefficients and R-squared values. Additionally, it provides instructions for visualizing the data and regression lines using matplotlib.

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27 views2 pages

Lab6 Hoursing Price Regression

The document outlines a lab exercise on regression analysis using a housing prices dataset, which includes house size, number of bedrooms, and price. It details the creation of a sample dataset, the application of multiple linear regression using the statsmodels library, and the interpretation of results including coefficients and R-squared values. Additionally, it provides instructions for visualizing the data and regression lines using matplotlib.

Uploaded by

vitlce180322
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ADY201 Hieu Nguyen

Lab 6: Regression
Subject: ADY201 Author: Hieu Nguyen

Problem Statement

Suppose you are working with a housing prices dataset. The dataset includes the following
information:

• size (size of the house in square meters)


• bedrooms (number of bedrooms)
• price (house price in thousand dollars)

hoursing_price.csv

Part 1: Creating the Dataset

First, let's create a sample dataset.

import numpy as np
import pandas as pd

# Create a sample dataset


np.random.seed(0)
size = np.random.randint(50, 150, 100)
bedrooms = np.random.randint(1, 5, 100)
price = 50 + 0.5 * size + 10 * bedrooms + np.random.randn(100) * 10

# Create a DataFrame
df = pd.DataFrame({'size': size, 'bedrooms': bedrooms, 'price': price})

Part 2: Performing Multiple Linear Regression

Use the statsmodels library to perform multiple linear regression.

import statsmodels.api as sm

# Define the dependent variable (price) and independent variables (size


and bedrooms)
X = df[['size', 'bedrooms']]
X = sm.add_constant(X) # Add a constant term to the predictor
y = df['price']

# Fit the regression model


model = sm.OLS(y, X).fit()

# Print the summary of the regression


print(model.summary())

1
ADY201 Hieu Nguyen

Part 3: Interpreting the Results

• Constant (Intercept): The predicted price of a house when the size and number of
bedrooms are zero.
• Coefficients (size, bedrooms): The change in the house price for a one-unit change in
size or the number of bedrooms, holding other variables constant.
• R-squared: A measure of how well the independent variables explain the variability of
the dependent variable.
• P-values: Indicate whether the coefficients are statistically significant.

Part 4: Visualizing the Data and the Regression Line

Use the matplotlib library to visualize the relationship between the variables and the regression
line.

import matplotlib.pyplot as plt

# Plotting the data and regression line for 'size'


plt.figure(figsize=(12, 6))

plt.subplot(1, 2, 1)
plt.scatter(df['size'], df['price'], label='Data')
plt.plot(df['size'], model.predict(X), color='red', label='Regression
Line')
plt.xlabel('Size (square meters)')
plt.ylabel('Price (thousand dollars)')
plt.title('Price vs Size')
plt.legend()

# Plotting the data and regression line for 'bedrooms'


plt.subplot(1, 2, 2)
plt.scatter(df['bedrooms'], df['price'], label='Data')
plt.plot(df['bedrooms'], model.predict(X), color='red',
label='Regression Line')
plt.xlabel('Bedrooms')
plt.ylabel('Price (thousand dollars)')
plt.title('Price vs Bedrooms')
plt.legend()

plt.tight_layout()
plt.show()

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