You need to develop a model to predict the assessed value of houses in Silver Spring, Maryland,
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You need to develop a model to predict the assessed value of houses in Silver Spring, Maryland, based on the size of the house, whether it has a fireplace, the number of bedrooms, and the number of bathrooms. A sample of 30 houses is selected and the results are stored in SilverSpring. Develop the most appropriate multiple regression model to predict assessed value. Be sure to perform a thorough residual analysis. In addition, provide a detailed explanation of the results.
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Related Book For
Statistics For Managers Using Microsoft Excel
ISBN: 9780134173054
8th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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