Regression on sales prices of houses based on predictors
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Do the sales prices of houses in a given community
vary systematically with their sizes (as measured in
square feet)? Attempt to answer this question by estimating
a simple regression model where the sales
price of the house is the dependent variable and the
size of the house is the explanatory variable. Use the
sample data given in the file P11_10.xlsx. Interpret
your estimated model and the associated coefficient of
determination R2.
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Solution Summary
A regression is run in Excel and then the results are discussed in everyday language suitable for a novice to intermediate.
Education
- BSc, University of Virginia
- MSc, University of Virginia
- PhD, Georgia State University
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