• January 10th, 2017

Real Estate Regression Exercise Directions

Paper , Order, or Assignment Requirements

(a) What is the Coefficient of Correlation between square footage and listing price?

(b) Does your Coefficient of Correlation seem consistent with your answer to #2 above? Why or why not?

(c) What proportion of the variation in listing price is determined by variation in the square footage? What proportion of the variation in listing price is due to other factors?

(d) Check the coefficients in your summary output. What is the regression equation relating square footage to listing price?

(e) Test the significance of the slope. What is your t-value for the slope? Do you conclude that there is no significant relationship between the two variables or do you conclude that there is a significant relationship between the variables?

(f) Using the regression equation that you designated in #3(d) above, what is the predicted sales price for a house of 2100 square feet?

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