As described in the exercises in Chapters 12 and 13, many real estate companies and rental agencies
Question:
As described in the exercises in Chapters 12 and 13, many real estate companies and rental agencies now publish their listings on the Web. One example is Dunes Realty Company, located in Garden City and Surfside Beaches in South Carolina. Go to the website http://www.dunes.com, select Vacation Rentals, then Beach Home Search, then indicate 5 bedrooms, accommodations for 14 people, oceanfront, and no pool or floating dock, select a period in July and August, indicate that you are willing to spend $10,000 per week, and then click on Search the Beach Homes. The output should include details on the cottages that meet your criteria. Develop a multiple linear regression equation using the rental price per week as the dependent variable and number of bedrooms, number of bathrooms, and how many people the cottage will accommodate as independent variables. Analyze the regression equations. Would you consider deleting any independent variables? What is the coefficient of determination? If you delete any of the variables, rerun the regression equation and discuss the new equation
Step by Step Answer:
Basic Statistics For Business And Economics
ISBN: 9780077230968
6th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen