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    Statistics - Quantitative Desicion

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    The following data give the selling price, square footage, number of bedrooms, and age of houses that have sold in a neighborhood in the last 6 months. Develop a regression model to predict selling price based on the square footage, number of bedrooms, and age. Use this to predict the selling price of a 10 year old, 2000 square foot house with 3 bedrooms.
    Selling price Square Footage Bedrooms Age
    64000 1670 2 30
    59000 1339 2 25
    61500 1712 3 30
    79000 1840 3 40
    87500 2300 3 18
    92500 2234 3 30
    95000 2311 3 19
    113000 2377 3 7
    115000 2736 4 10
    138000 2500 3 1
    142500 2500 4 3
    144000 2479 3 3
    145000 2400 3 1
    147500 3124 4 0
    144000 2500 3 2
    155500 4062 4 10
    165000 2854 3 3

    [See the attached question file.]

    © BrainMass Inc. brainmass.com June 3, 2020, 9:49 pm ad1c9bdddf
    https://brainmass.com/statistics/regression-analysis/statistics-quantitative-decision-200699

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    The expert examines quantitative decisions are determined. Neat and step-wise solution and regression model is provided.

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