Does the presence of detached garage and presence of pool affect the home price?
Perform an ANOVA with interaction between Garage and Pool, and Price as the dependent variable.
- According to the results, which one of the independent variables and/or their interaction significantly affect the home prices at significance level of 0.05?
Source Garage (Y*Pool (yes Residual Type 3 Analysis of Variance DF Sum of Squares Mean Square Expected Mean Square Error Term 3 436123530597 145374510199 Var(Residual) +Q(Garage (Y*Pool (yes) MS(Residual) 101 2.2496279E12 22273543716 Var(Residual) Error DF F Value Pr>F 101 6.53 0.0004 Covariance Parameter Estimates Cov Parm Estimate Alpha Lower Upper Residual 2.227E10 Fit Statistics 2 Res Log Likelihood 2705.5 AIC (Smaller is Better) 2707.5 AICC (Smaller is Better) 2707.6 BIC (Smaller is Better) 2710.1 Type 3 Tests of Fixed Effects Effect Num DF Den DF F Value Pr>F Garage (Y*Pool (yes 3 101 6.53 0.0004 Residuals for Price 0 O 40 400000 OBD 30 200000 Residual Percent 20 LOOOOO 0 DO COM O OOO OCCIDED O OCICIEL OID COD 10 -200000 0 250000 400000 -48E4 -24E4 240000 300000 350000 Predicted Mean 480000 0 Residual 400000 ac 200000 Residual Residual Statistics Observations 105 Minimum -238E3 Mean -3E-11 Maximum 513847 Std Dev 147075 Fit Statistics Objective 2705.5 AIC 2707.5 AICC 2707.6 BIC 2710.1 -200000 oooooo -400000 -2 -1 1 N 0 Quantile Source Garage (Y*Pool (yes Residual Type 3 Analysis of Variance DF Sum of Squares Mean Square Expected Mean Square Error Term 3 436123530597 145374510199 Var(Residual) +Q(Garage (Y*Pool (yes) MS(Residual) 101 2.2496279E12 22273543716 Var(Residual) Error DF F Value Pr>F 101 6.53 0.0004 Covariance Parameter Estimates Cov Parm Estimate Alpha Lower Upper Residual 2.227E10 Fit Statistics 2 Res Log Likelihood 2705.5 AIC (Smaller is Better) 2707.5 AICC (Smaller is Better) 2707.6 BIC (Smaller is Better) 2710.1 Type 3 Tests of Fixed Effects Effect Num DF Den DF F Value Pr>F Garage (Y*Pool (yes 3 101 6.53 0.0004 Residuals for Price 0 O 40 400000 OBD 30 200000 Residual Percent 20 LOOOOO 0 DO COM O OOO OCCIDED O OCICIEL OID COD 10 -200000 0 250000 400000 -48E4 -24E4 240000 300000 350000 Predicted Mean 480000 0 Residual 400000 ac 200000 Residual Residual Statistics Observations 105 Minimum -238E3 Mean -3E-11 Maximum 513847 Std Dev 147075 Fit Statistics Objective 2705.5 AIC 2707.5 AICC 2707.6 BIC 2710.1 -200000 oooooo -400000 -2 -1 1 N 0 Quantile