Hemlock Farms is a community located in the Pocono Mountains area of eastern Pennsylvania. The file Hemlock Farms contains information on homes that were recently for sale. The variables included were
List Price-Asking price of the house
Hot Tub-Whether the house has a hot tub, with 0 = No and 1 = Yes
Lake View-Whether the house has a lake view, with
0 = No and 1 = Yes Bathrooms-Number of bathrooms
Bedrooms-Number of bedrooms
Loft/Den-Whether the house has a loft or den, with
0 - No and 1 = Yes
Finished basement-Whether the house has a finished basement, with 0 = No and 1 = Yes
Acres-Number of acres for the property
Develop the most appropriate multiple regression model to predict the asking price. Be sure to perform a thorough residual analysis. In addition, provide a detailed explanation of your results.