Hi. This is a long shot in the dark, but I am clearly struggling. I attached what
Question:
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Hi. This is a long shot in the dark, but I am clearly struggling. I attached what I have been working on. Literally any help is appreciated. You are asked to find the best fit model to predict the price of a property in Chicago. You are considering the following regression models:
Model1: use square feet as the independent variable.
Model2: use square feet and beds as the independent variables.
Model3: use property type, square feet, and beds as the independent variables.
Answer the following:
a. What is the RSquare for Model 1? b. The RSquare Adj for Model1 is what? c. Model 1 predicts the price for a property of 3,000 sq ft to be what?
d. What is The RSquare for Model 2? e. The RSquare Adj for Model2 is what? f. Model 2 predicts the price for a property of 3,000 sq ft with 3 bedrooms to be what?
g. What is the RSquare for Model 3?
h. What is the RSquare Adj for Model 3? i. Model3 predicts the price for a single family residential property of 3,000 sq ft with 3 bedrooms to be what? j. Model3 is the best fit model (T/F)
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