STATS Part V. Multiple Regression

| August 30, 2017

Question
Part V. Multiple Regression

Let’s say that we wanted to be able to predict the Selling Price of a house based on

Area

Rooms

Acres

Using this sample data, perform a multiple-regression using Selling Price, Area, Acres, and Rooms with Column 1, selling price, as your dependent variable. Refer to page 14 in the Stat Disk User’s Manual.

Paste your results here:

What is the equation of the line-of-best fit? The form of the equation is Y = bo+ b2X2+ b3X3+ b4X4(fill in values for bo, b2, b3, and b4).

[Round coefficients to 2 decimal places.]

What would you predict for the Selling Price of a house whose

Area is 2400 sq. ft.

Acres is 1.5

Rooms is 8

Round to the nearest dollar.

What is the R2value for this regression? What does it tell you about the regression?

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