Description
Just do questions C and D on the worksheet attached.
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Explanation & Answer
Please see the attached response paper and provide your response.
Real Estate Regression Exercise
QNT/351 Version 5
University of Phoenix Material
Real Estate Regression Exercise
Directions: Use the real estate data you used for your Week 2 learning team
assignment. Analyze the data and explain your answers.
You are consulting for a large real estate firm. You have been asked to construct a model that can
predict listing prices based on square footages for homes in the city you’ve been researching. You have
data on square footages and listing prices for 100 homes.
1.
Which variable is the independent variable (x) and which is the dependent variable (y)?
The independent variable (x) is the square footage and the dependent variable (y) is the listing
price. This is because the price should change (i.e. is dependent on) based on the square
footage.
2. Click on any cel...