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In the dataset duke_forest_for_homework.xlsx, we have the following seven columns/variables for a dataset gathered from Zillow in November of 2020 for listed homes in the

In the dataset "duke_forest_for_homework.xlsx", we have the following seven columns/variables for a dataset gathered from Zillow in November of 2020 for listed homes in the Duke Forest neighborhood of Durham, North Carolina:

Column name

Description

Price ($1000s)

Price of the house (in $1000s)

Bath

Number of bathrooms

Area

Area of the house (in square feet)

Lot

House lot size (in acres)

Central_cooling

1 if the house has central cooling and 0 if not

Bed

Number of bedrooms

Heat_pump

1 if the house has a heat pump and 0 if not

  1. What is the equation for predicting price according to this new regression?
  2. Between the regression in problem 2 and this new regression in problem 3, which do you prefer, and why? (Hint: There are two main reasons why one is better)

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