April 20, 2014

Homework Help: Statistics

Posted by Kathryn on Thursday, May 30, 2013 at 8:44pm.

You are a real estate agent and you are trying to predict home prices for your clients that want to list their house for sale. You have a very small city without much data. You will need to use the data that you have available for the past year on homes that have been sold.
Bedrooms Square Footage Bathrooms Price
1 1500 2 125,000
3 1800 4 148,000
5 4000 5 250,000
3 2100 3 160,000
4 2300 5 240,000
5 3800 4 245,000
2 1900 1 155,000
Complete the calculations below using this data. Show all of your work and clearly label each of your calculations.
Conduct a multiple regression analysis to predict home prices. In your analysis complete the following:
a. Calculate the multiple regression analysis and report your data.

b. Determine the list price for your client’s home if it has three bedrooms, three bathrooms, and 1900 square footage. Provide your analysis and show all of your calculations.

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