Question

What properties of a home are related to its selling price on the market? Data Set:...

What properties of a home are related to its selling price on the market?

  1. Data Set: includes details about the variables in the data set, summary statistics, and visual tools to show the data (e.g. box plots, histograms, scatter graphs)
  2. Methodology and Results: includes testing if data meets the assumptions of regression (such as not correlated independent variables, linearity, and etc.), running the multiple regressions, using stepwise regression methodology to find the best model, providing inferences about the question of interest, and writing a detailed interpretation of the regression results (such as interpretation of the coefficients, ANOVA table, t tests, p-values, coefficient of determination, etc.) and discussion.
  3. Limitations of study and conclusion: includes describing any limitations of your study and how they might be overcome in future research and provide brief conclusions about the results of your study.

Homework Answers

Answer #1
  1. Data Set: includes details about the variables in the data set, summary statistics, and visual tools to show the data (e.g. box plots, histograms, scatter graphs)
  2. Methodology and Results: includes testing if data meets the assumptions of regression (such as not correlated independent variables, linearity, and etc.), running the multiple regressions, using stepwise regression methodology to find the best model, providing inferences about the question of interest, and writing a detailed interpretation of the regression results (such as interpretation of the coefficients, ANOVA table, t tests, p-values, coefficient of determination, etc.) and discussion.
  3. Limitations of study and conclusion: includes describing any limitations of your study and how they might be overcome in future research and provide brief conclusions about the results of your study.
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