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    Sale price, retail price, multiple regression model and more...

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    3. What factors affect the sale price of oceanside condomonium units?

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    3) Because Model 2 has more explanatory variables than model 3, its goodness of fitness should be better than model 3, and therefore R squared 3 < R squared 2. (C)

    4) Since one extra term is added to the model, it must ...

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    The solution determines the sale price, retail price and multiple regression model.

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