Statistical Inference

timer Asked: Apr 10th, 2016

Question description

1) Estimate a multiple regression equation to predict the price of houses in a given community. Employ all available explanatory variables. 

2) Discuss how well the model will predict the price of houses and the "goodness of fit." How can decision-makers use the model?

3)  Indicate if there is evidence of of multi-collinearity in this model. Which variables are causing it? What are the associated implications? What steps can be taken to reduce the multicollinearity?

I need this to be completed in an excel sheet, and the excel sheet given to me.

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