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CLO 1: Calculate market volumes, market shares, guest mix rates (a) Develop a regression model that could be used to predict the price against Lot

CLO 1: Calculate market volumes, market shares, guest mix rates (a) Develop a regression model that could be used to predict the price against Lot size (b) Predict the price for the lot sizes, 17000, 19900, 20000 (c) Give the values of r and for this model. Interpret the value of in the context of this problem. (d) What is the coefficient of determination for this model? (e) Interpret your results for the above said questions for One bedroom, two bedrooms, three bedrooms and the whole. Comment on this.

price lotsize bedrooms bathrms stories driveway recroom fullbase gashw airco garagepl prefarea
1 42000 5850 3 1 2 yes no yes no no 1 no
2 38500 4000 2 1 1 yes no no no no 0 no
3 49500 3060 3 1 1 yes no no no no 0 no
4 60500 6650 3 1 2 yes yes no no no 0 no
5 61000 6360 2 1 1 yes no no no no 0 no

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