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Question: By using JC House Price excel file, a. Develop and state multiple regression model. b. Interpret …

by | Nov 30, 2023 | Posted Questions



By using JC House Price excel file,

a. Develop and state multiple regression model.

b. Interpret each coefficient in the model.

c. Interpret the coefficient of determination value.

d. Calculate the estimated price of the following house with
2500 square feet, 4 bedroom, 3 bathrooms, 0.60 acres lot, 2
attached garage and built in 2011.


No

SquareFoot

Bedrooms

Bathroom

Lot Size

Age of House

# of Garage

Listing Price

1

1888

3

2

0.4

31

1

$179,900

2

2188

4

3.5

0.31

21

2

$235,000

3

4291

5

4.5

0.3

19

2

$359,900

4

1848

3

2

0.2

14

2

$204,900

5

2562

4

3.5

1.08

3

2

$235,000

6

3384

4

4.5

0.91

10

3

$425,000

7

2496

3

3

0.27

19

2

$209,900

8

3152

4

0.5

0.24

19

2

$250,000

9

3056

3

2.5

0.83

37

2

$239,900

10

2462

3

3

0.48

66

0

$225,000

11

3085

4

3.5

0.28

16

2

$327,900

12

3618

4

4

0.71

10

2

$459,000

13

4281

5

4.5

0.48

11

5

$599,900

14

2656

4

3.5

0.18

20

2

$219,900

15

4164

5

6

1.5

43

4

$264,900

16

4285

6

3

0.41

19

3

$334,900

17

4829

4

4.5

0.33

13

2

$475,000

18

3381

4

4

0.28

15

2

$425,000

19

1772

3

2

0.46

22

2

$198,800

20

2522

4

3

0.32

12

2

$259,985

21

2053

3

2

0.63

19

2

$313,000

22

2000

3

3

0.3

20

2

$234,500

23

2526

3

2

0.34

44

2

$209,900

24

2314

4

2

0.58

13

2

$239,900

25

2138

3

2.5

0.3

22

2

$235,000

26

2645

4

3

0.33

44

4

$199,000

27

2156

4

3

0.28

10

2

$204,900

28

3867

4

3.5

0.68

14

3

$399,900

29

2617

4

2.5

0.58

17

2

$219,000

30

2276

3

2.5

0.33

24

2

$259,900

31

2365

3

2

0.27

4

2

$359,000

32

2310

4

2

0.69

38

0

$225,000

33

2237

3

2

0.42

1

3

$339,900

34

2889

4

3.5

0.36

18

2

$269,400

35

2460

4

2.5

1.54

27

2

$269,900

36

1945

3

2.5

0.71

8

2

$179,900

37

1604

3

2

0.39

19

2

$195,000

38

2279

4

2.5

0.84

18

2

$250,000

39

3416

4

3.5

0.4

12

2

$325,000

40

1920

4

3

0.15

21

2

$188,888

41

4019

4

3.5

0.36

18

2

$419,900

42

2730

3
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