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The following data give the selling price, square footage, number of bedrooms, and the age of the houses that have sold in a neighborhood in

The following data give the selling price, square footage, number of bedrooms, and the age of the houses that have sold in a neighborhood in the past 6 months. Develop three regression models to predict the selling price based upon each of other the other factors individually. Which of these is the best?

Selling Price($) Square Footage Bedrooms Age (Years)
84,000 1,670 2 30
79,000 1,339 2 25
91,500 1,712 3 30
120,000 1,840 3 40
127,500 2,300 3 18
132,500 2,234 3 30
145,000 2,311 3 19
164,000 2,377 3 7
155,000 2,736 4 10
168,000 2,500 3 1
172,500 2,500 4 3
174,000 2,479 3 3
175,000 2,400 3 1
177,500 3,124 4 0
184,000 2,500 3 2
195,500 4,062 4 10
195,000 2,854 3 3

Second part of question...

Using the above data and develop a regression model to predict selling price based on the square footage and number of bedrooms. Use this to predict the selling price of a 2,000 square foot house with 3 bedrooms. Compare this model with the above models. Should the number of bedrooms be included in the model? Why or why not?

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