Regression analysis
Not what you're looking for?
12.55 Choose the Commercial Real Estate data set below. Select Size as independent variable and Assessed Value as dependent variable.
Assessed Size
1,796 4,790
1,544 4,720
2,094 5,940
1,968 5,720
1,567 3,660
1,878 5,000
949 2,990
910 2,610
1,774 5,650
1,187 3,570
1,113 2,930
671 1,280
1,678 4,880
710 1,620
678 1,820
(a) Make and display a scatter plot with Size as independent variable and Assessed Value as dependent variable.
(b) Estimate the regression line, with fitted equation and R2
(c) Describe the fit of the regression.
(d) Interpret the slope of the regression line. In your discussion state the units of the slope.
(e) Do you think that the estimated intercept is meaningful? Explain.
Purchase this Solution
Solution Summary
Step by step method for computing regression equation and scatter plot for a given set of data.
Purchase this Solution
Free BrainMass Quizzes
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.