Explore BrainMass

Explore BrainMass

    Regression analysis

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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.

    © BrainMass Inc. brainmass.com June 3, 2020, 11:48 pm ad1c9bdddf
    https://brainmass.com/statistics/regression-analysis/regression-analysis-299218

    Solution Summary

    Step by step method for computing regression equation and scatter plot for a given set of data.

    $2.19

    ADVERTISEMENT