Question
4-24 Use the data in Problem 4-22 and develop a regression model to predict selling price based on the square footage, number of bedrooms, and
4-24 Use the data in Problem 4-22 and develop a regression model to predict selling price based on the square footage, number of bedrooms, and age. Use this to predict the selling price of a 10-year-old, 2,000-square-foot house with 3 bedrooms. |
1) State the linear equation. |
2) Explain the overall statistical significance of the model. |
3) Explain the statistical significance for each independent variable in the model |
4) Interpret the Adjusted R2. |
5) Is this a good predictive equation(s)? Which variables should be excluded (if any) and why? Explain. |
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