Question
Period A Date selling price address number of bedroms number of bathrooms property size (m2) distance to nearest train station or bus stop in KM
Period A | ||||||
Date | selling price | address | number of bedroms | number of bathrooms | property size (m2) | distance to nearest train station or bus stop in KM |
23/02/2023 | $ 835,000.00 | 7b Winthrop Drive, Winthrop | 4 | 2 | 435 | 0.029 |
24/07/2023 | $ 850,000.00 | 5 Mackinlay Place, Winthrop | 4 | 2 | 510 | 0.270 |
6/12/2022 | $ 915,000.00 | 18 Lucraft Gardens, Winthrop | 4 | 2 | 778 | 0.052 |
9/09/2022 | $ 922,000.00 | 5 Blakey Rise, Winthrop | 4 | 2 | 716 | 0.350 |
7/03/2023 | $ 955,000.00 | 3 Eckersley Height, Winthrop | 4 | 2 | 717 | 0.550 |
8/01/2023 | $ 1,075,000.00 | 15 Blakers Ridge, Winthrop | 4 | 2 | 751 | 0.550 |
24/01/2023 | $ 1,100,000.00 | 45 Jackson Avenue, Winthrop | 4 | 2 | 872 | 0.091 |
18/04/2023 | $ 1,180,000.00 | 3 Stanley Grovr, Winthrop | 4 | 2 | 804 | 0.300 |
31/03/2023 | $ 1,200,000.00 | 4 Quirk Dale, Winthrop | 5 | 2 | 744 | 0.260 |
28/10/2022 | $ 1,210,000.00 | 13 Henn close, Winthrop | 4 | 2 | 983 | 0.400 |
17/05/2023 | $ 1,220,000.00 | 13 Quirk Dale, Winthrop | 5 | 2 | 700 | 0.300 |
31/03/2023 | $ 1,230,000.00 | 6 Allen-Williams Parade, Winthrop | 5 | 2 | 700 | 0.240 |
25/11/2022 | $ 1,240,000.00 | 48 Ten Seldam Circle, Winthrop | 4 | 2 | 811 | 0.400 |
5/04/2023 | $ 1,255,000.00 | 16 Kingsmill Garden, Winthrop | 4 | 2 | 720 | 0.300 |
11/01/2023 | $ 1,280,000.00 | 33 Lucraft Gardens, Winthrop | 4 | 2 | 705 | 0.350 |
27/03/2023 | $ 1,280,000.00 | 5 Balodis Place, Winthrop | 4 | 2 | 768 | 0.600 |
28/04/2023 | $ 1,288,000.00 | 3 Fardon Tor, Winthrop | 4 | 2 | 755 | 0.500 |
15/06/2023 | $ 1,300,000.00 | 64 Kingsmill Gardens, Winthrop | 4 | 2 | 720 | 0.200 |
13/06/2023 | $ 1,335,000.00 | 17 Raine Terrace, Winthrop | 4 | 2 | 712 | 0.280 |
18/05/2023 | $ 1,350,000.00 | 6 Houghton Way, Winthrop | 5 | 2 | 973 | 0.550 |
31/01/2023 | $ 1,400,000.00 | 16 Whitfels Terrace, Winthrop | 4 | 2 | 830 | 0.029 |
16/05/2023 | $ 1,400,000.00 | 29 Allen-Williams Parade, Winthrop | 5 | 2 | 710 | 0.500 |
13/07/2023 | $ 1,470,000.00 | 11 Grieve close, Winthrop | 4 | 2 | 808 | 0.500 |
31/03/2023 | $ 1,500,888.00 | 4 Levien Place, Winthrop | 5 | 3 | 702 | 0.500 |
20/02/2023 | $ 1,600,000.00 | 9 Craig Place, Winthrop | 4 | 3 | 992 | 0.450 |
period B | ||||||
Date | selling price | address | number of bedroms | number of bathrooms | property size | distance to nearest train station or bus stop in KM |
19/02/2024 | $ 910,000.00 | 17 Sandover Crescent, Winthrop | 4 | 2 | 779 | 0.350 |
22/11/2023 | $ 1,000,000.00 | 17 Northmore Crescent, Winthrop | 4 | 2 | 718 | 0.280 |
9/10/2023 | $ 1,100,000.00 | 1 Lourens Dale, Winthrop | 4 | 2 | 712 | 0.550 |
20/02/2024 | $ 1,140,000.00 | 18 Northmore Crescent, Winthrop | 4 | 2 | 704 | 0.300 |
4/09/2023 | $ 1,160,000.00 | 20 Jackson Avenue, Winthrop | 4 | 2 | 756 | 0.170 |
3/09/2023 | $ 1,175,000.00 | 39 Eckersley Height, Winthrop | 4 | 2 | 729 | 0.450 |
27/02/2024 | $ 1,180,000.00 | 36 Aitken Drive, Winthrop | 4 | 2 | 715 | 0.450 |
22/12/2023 | $ 1,190,000.00 | 2 Rossiter Way, Winthrop | 4 | 2 | 726 | 0.240 |
5/12/2023 | $ 1,260,000.00 | 36 Silbert Circle, Winthrop | 4 | 2 | 718 | 0.700 |
2/10/2023 | $ 1,280,000.00 | 5 Law Court, Winthrop | 4 | 2 | 740 | 0.400 |
7/11/2023 | $ 1,280,000.00 | 9 Watson Hill, Winthrop | 4 | 2 | 816 | 0.650 |
5/11/2023 | $ 1,285,000.00 | 62 Eckersley Heights, Winthrop | 4 | 2 | 753 | 0.600 |
22/09/2023 | $ 1,300,000.00 | 16 Wilkinson Gadens, Winthrop | 4 | 2 | 700 | 0.240 |
29/08/2023 | $ 1,310,000.00 | 3 Jones Close, Winthrop | 4 | 2 | 742 | 0.190 |
2/08/2023 | $ 1,311,000.00 | 9 Grieve Close, Winthrop | 4 | 2 | 731 | 0.500 |
17/01/2024 | $ 1,348,000.00 | 34 Jackson Avenue, Winthrop | 4 | 2 | 758 | 0.053 |
6/02/2024 | $ 1,370,000.00 | 14 Ten Seldam Circle, Winthrop | 4 | 2 | 754 | 0.270 |
8/08/2023 | $ 1,400,000.00 | 13 Gamblen Way, Winthrop | 4 | 2 | 718 | 0.400 |
28/11/2023 | $ 1,450,000.00 | 118 Aitken Drive, Winthrop | 4 | 2 | 700 | 0.500 |
16/01/2024 | $ 1,455,000.00 | 34 Lucraft Gardens, Winthrop | 5 | 3 | 795 | 0.300 |
6/11/2023 | $ 1,480,000.00 | 15 Ten Seldam Circle, Withrop | 4 | 2 | 747 | 0.300 |
25/11/2023 | $ 1,520,000.00 | 14 Parker Place, Withrop | 4 | 2 | 816 | 0.650 |
15/02/2024 | $ 1,530,000.00 | 6 Lucraft Gardens, Winthrop | 5 | 2 | 817 | 0.200 |
13/10/2023 | $ 1,600,000.00 | 29 Ten Seldam Circle, Winthrop | 5 | 2 | 741 | 0.500 |
18/01/2024 | $ 1,670,000.00 | 9 Juett Vale, Winthrop | 4 | 2 | 882 | 0.260 |
1. summary statistics table and discuss the central tendency and variations for all variables.
2. Plot the dependent variable (house price), against each independent variable using the scatter plot/dot function in EXCEL. Comment on the strength and the nature of the relationship between the dependent and the independent variables.
3. Generate a multiple regression summary output. Using the information on regression output, state the Multiple Regression equation.
4. Interpret the meaning of slope coefficients of independent variables.
5. Interpret the 2 and adjusted 2 of your model.
6. Conduct a test for significance of your overall multiple regression model at the 5% level of significance. You must state your null and alternative hypotheses.
7.At the 5% level of significance, determine whether each independent variable makes a significant contribution to the Regression model. Based on these results, indicate the independent variables to include in this model.
8. Construct a 95% confidence interval estimate of the population slope of house prices with property size. Interpret your results.
9. Construct a 95% confidence interval estimate of the population slope of house prices with distance to nearest train station or bus stop. Interpret your results.
10. Predict the price of the house using the regression equation you generated in Task 3 and values of the independent variables as advertised. Compare the predicted price with the asking price.