Question
A Realtor in Massachusetts is analyzing the relationship between the sale price of a home (in $), it's the square footage (in ft2), the number
A Realtor in Massachusetts is analyzing the relationship between the sale price of a home (in $), it's the square footage (in ft2), the number of bedrooms, the number of bathrooms, and a colonial dummy variable (colonial equals 1 if a colonial-style home; 0 otherwise). The relater collects data of 36 sales in Massachusetts for the analysis. The attached file Regression Assignment Dataset 2 contains the data. 1. Estimate the linear regression model for the price. 2. Interpret the coefficients attached to area (square footage) and colonial. 3. Predict the price of 2100 ft2 colonial style home with two bedrooms and two bathrooms.
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