Data of 120 Hotels in the Euro zone were collected and stored in the file Hotel with
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Data of 120 Hotels in the Euro zone were collected and stored in the file Hotel with the following variables:
Location (distance from city centre in meters)
Wellness services ( \(1=\) yes, \(0=\) no)
Room size (size of a standard twin bed room in square meters)
Room price (price of a standard twin bed room in euros)
Develop a regression model to predict room price, based on the location, room size, and wellness service. Be sure to determine whether any interaction terms need to be included in the model.
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Related Book For
Public Finance An International Perspective
ISBN: 9789814365048
1st Edition
Authors: Joshua E. Greene
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