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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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