Perform a simple regression analysis to forecast the number of apartments rented, based only on students and/or average rent
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Please see attach spreadsheet and use the information in table one to complete questions 1 through 5.
Thank you in advance for you assistance.
1. Perform a simple regression analysis to forecast the number of apartments rented, based only on students.
2. Perform a simple regression analysis to forecast the number of apartments rented, based only on average rent.
3. Perform a multiple regression analysis to forecast the number of apartments rented, based only students and on average rent.
4. Which of the two forecast model would you recommend and why?
5. Base of the regression analysis from question 3 what would be the net financial impact if the apartment rent were increased by $6? And
what would recommend on setting apartment rents?
Please see attached.
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The expert preforms a simple regression analysis to forecast the number of apartments rented.
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