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Assume we need a model to estimate home price. A sample of 15 observations showed: The Excel Regression output for the previous data is: Regression

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Assume we need a model to estimate home price. A sample of 15 observations showed: The Excel Regression output for the previous data is: Regression Statistics Multiple R 0.945 R Square 0.893 Adjusted R Square Standard Error 22.268 Observations 15 ANOVA a'f 55 MS F Significance F Regression 41356.793 Residual 4958.557 Total 14 46315.349 Coefficients Standard Error t Stat Pvaiue Lower 95% Upper 95% Intercept -29.542 54.964 -0.537 0.603 -152.009 92.925 Size (s.f.) 0.073 0.014 5.193 0.001 0.042 0.104 No of Rooms 7.179 8.940 Age (years) -o.237 1.251 -0.185 0.857 3.092 2.515 Garage (yes=1) -5.572 19.433 -o.292 0.775 48.971 37.525

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