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Perform simple linear regression analysis with weekly rent as the dependent variable and each independent variable (Number of bedrooms, distance to the nearest primary school)
Perform simple linear regression analysis with weekly rent as the dependent variable and each independent variable (Number of bedrooms, distance to the nearest primary school) separately. Based on your regression outputs from Excel, answer the following questions. a. Comment on the coefficient of determination (R-squared) and the standard error of the estimate for each regression model. b. Interpret the regression results and discuss the predictive power of each independent variable on weekly rent. c. Assess the significance of the independent variable in each model
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