Mat 240 Module Three Assignment

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Statistics

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Southern New Hampshire University

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Median Housing Price Prediction Model for D.M. Pan Real Estate Company 1

[Note: To complete this template, replace the bracketed text with your own content. Remove this

note before you submit your report.]

Median Housing Price Prediction Model for D.M. Pan Real Estate Company

[Your Name]

Southern New Hampshire University

Median Housing Price Prediction Model for D.M. Pan National Real Estate Company 2

Module Two Notes

[Copy and paste any relevant information from your Module Two assignment here to

assist you in completing this assignment. This section is not graded and is only provided to help

you easily review Module Two assignment information while completing this assignment.]

Regression Equation

The equation for predicting median listing price using median square feet as the predictor

variable in the East North Central region is;

median listing price = 176.99*median square feet - 116021

Determine r

The regression coefficient, r value is 0.752. The sign of the correlation coefficient

determines the direction of linear association, while the value of the correlation coefficient

determines the strength of the linear association. Since the value of r is positive and is greater than

0.7, there is a strong positive linear relationship between the median listing price and the median

square feet.

Examine the Slope and Intercepts

The slope of the model equal to 176.99 suggests that an increase in the value of the median

square feet by 1 square foot is estimated to increase the median listing price by approximately

$176.99. The value of the intercept equal to -116021 gives the value of the land only and suggests

that the value of the land only is -$116021. This y-intercept does not make sense for this model

because the value of land cannot be -$116021.

R-squared Coefficient

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Median Housing Price Prediction Model for D.M. Pan Real Estate Company 1 [Note: To complete this template, replace the bracketed text with your own content. Remove this note before you submit your report.] Median Housing Price Prediction Model for D.M. Pan Real Estate Company [Your Name] Southern New Hampshire University Median Housing Price Prediction Model for D.M. Pan National Real Estate Company 2 Module Two Notes [Copy and paste any relevant information from your Module Two assignment here to assist you in completing this assignment. This section is not graded and is only provided to help you easily review Module Two assignment information while completing this assignment.] Regression Equation The equation for predicting median listing price using median square feet as the predictor variable in the East North Central region is; median listing price = 176.99*median square feet ...
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Tags: quantitative variables prediction model DM Pan Real Estate Company Real Estate County Data county level measures