Question

Use the “home” data to build a regression model that predicts market as a function of square feet. What does the model forecast the market to be when the square feet is 2,000? (select the closest answer)

Home Market Value
House Age	Square Feet	Market Value
33	1,812	$90,000.00
32	1,914	$104,400.00
32	1,842	$93,300.00
33	1,812	$91,000.00
32	1,836	$101,900.00
33	2,028	$108,500.00
32	1,732	$87,600.00
33	1,850	$96,000.00
32	1,791	$89,200.00
33	1,666	$88,400.00
32	1,852	$100,800.00
32	1,620	$96,700.00
32	1,692	$87,500.00
32	2,372	$114,000.00
32	2,372	$113,200.00
33	1,666	$87,500.00
32	2,123	$116,100.00
32	1,620	$94,700.00
32	1,731	$86,400.00
32	1,666	$87,100.00
28	1,520	$83,400.00
27	1,484	$79,800.00
28	1,588	$81,500.00
28	1,598	$87,100.00
28	1,484	$82,600.00
28	1,484	$78,800.00
28	1,520	$87,600.00
27	1,701	$94,200.00
28	1,484	$82,000.00
28	1,468	$88,100.00
28	1,520	$88,100.00
27	1,520	$88,600.00
27	1,484	$76,600.00
28	1,520	$84,400.00
27	1,668	$90,900.00
28	1,588	$81,000.00
28	1,784	$91,300.00
27	1,484	$81,300.00
27	1,520	$100,700.00
28	1,520	$87,200.00
27	1,684	$96,700.00
27	1,581	$120,700.00

Answer 1