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    Real Estate Regression Equation

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    Refer to the Real Estate data, which reports information on homes sold in Denver, Colorado, last year.

    a. Let selling price be the dependent variable and size of the home the independent variable. Determine the regression equation. Estimate the selling price for a home with an area of 2,200 square feet.

    b. Let selling price be the dependent variable and distance from the center of the city the independent variable. Determine the regression equation. Estimate the selling price of a home 20 miles from the center of the city.

    © BrainMass Inc. brainmass.com June 3, 2020, 8:48 pm ad1c9bdddf
    https://brainmass.com/statistics/regression-analysis/real-estate-regression-equation-153003

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    In this soluuton we determine the regression equation and estimate the dependent variable from the regression equation.

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