Question
Hello, I recently have a project about houses. The given information I have for 500 samples are: sale price number of bedrooms number of bathrooms
Hello, I recently have a project about houses.
The given information I have for 500 samples are:
- sale price
- number of bedrooms
- number of bathrooms
- grade ( 5 is lowest, 10 is the best)
- square footage of home
- square footage of lots
And now, the project is asking me to
Use the least-squares procedure to fit a prediction equation for price based on the square footage of homes, and square footage of lots. Test hypotheses, construct confidence intervals for the significant relationships and interpret all your findings.
I know I should use the square footage of homes and lots to predict the price by using a confidence interval.
But the problem is that I have no idea what to do about that. Can anyone help me solve the requirement above by EXCEL?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started