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Type or paste question here Refer to Real estate sales data set in Appendix C.7. Residential sales that occurred during the year 2002 were available
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Refer to Real estate sales data set in Appendix C.7. Residential sales that occurred during the year 2002 were available from a city in the midwest. Data on 522 arms-length transactions include sales price, style, finished square feet, number of bedrooms, pool, lot size, year built, air conditioning, and whether or not the lot is adjacent to a highway. The city tax assessor was interested in predicting sales price based on the demographic variable information given above. Select a random sample of 300 observations to use in the model-building data set. Develop a best subset model for predicting sales price. Justify your choice of model. Assess your model's ability to predict and discuss its use as a tool for predicting sales priceStep by Step Solution
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