Question
Price Sqft Beds Baths Col 840000 2768 4 3.5 1 822000 2500 4 2.5 1 713000 2400 3 3 1 689000 2200 3 2.5 1
Price | Sqft | Beds | Baths | Col |
840000 | 2768 | 4 | 3.5 | 1 |
822000 | 2500 | 4 | 2.5 | 1 |
713000 | 2400 | 3 | 3 | 1 |
689000 | 2200 | 3 | 2.5 | 1 |
685000 | 2716 | 3 | 3.5 | 1 |
645000 | 2524 | 3 | 2 | 1 |
625000 | 2732 | 4 | 2.5 | 0 |
620000 | 2436 | 4 | 3.5 | 1 |
587500 | 2100 | 3 | 1.5 | 1 |
585000 | 1947 | 3 | 1.5 | 1 |
583000 | 2224 | 3 | 2.5 | 1 |
569000 | 3262 | 4 | 2 | 0 |
546000 | 1792 | 3 | 2 | 0 |
540000 | 1488 | 3 | 1.5 | 0 |
537000 | 2907 | 3 | 2.5 | 0 |
516000 | 1951 | 4 | 2 | 1 |
511000 | 1752 | 3 | 1.5 | 1 |
510000 | 1727 | 3 | 2 | 1 |
495000 | 1692 | 3 | 2 | 0 |
463000 | 1714 | 3 | 2 | 0 |
457000 | 1650 | 3 | 2 | 0 |
451000 | 1685 | 3 | 2 | 0 |
435000 | 1500 | 3 | 1.5 | 1 |
431700 | 1896 | 2 | 1.5 | 0 |
414000 | 1182 | 2 | 1.5 | 0 |
401500 | 1152 | 3 | 1 | 0 |
399000 | 1383 | 4 | 1 | 0 |
380000 | 1344 | 4 | 2 | 0 |
380000 | 1272 | 3 | 1 | 0 |
375900 | 2275 | 5 | 1 | 0 |
372000 | 1005 | 2 | 1 | 0 |
367500 | 1272 | 3 | 1 | 0 |
356500 | 1431 | 2 | 2 | 1 |
330000 | 1362 | 3 | 1 | 0 |
330000 | 1465 | 3 | 1 | 0 |
307500 | 850 | 1 | 1 | 0 |
A Realtor in Massachusetts is analyzing the relationship between the sale price of a home (in $), it's the square footage (in ft2), the number of bedrooms, the number of bathrooms, and a colonial dummy variable (colonial equals 1 if a colonial-style home; 0 otherwise). The relater collects data of 36 sales in Massachusetts for analysis. The attached file "Regression-Dataset2" contains the data.
1)Estimate the parsimonious linear regression model for the price. What is the intercept of the model? (Use Two decimals)
2)Estimate the parsimonious linear regression model for the price. What is the coefficient of the area (Sqft)? (Use Two decimals)
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