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Tutoring Task 2:
Part h
Provide the simple linear regression data analysis for the market price as the response variable and the Land size in Square meters as the explanatory variable. Write down the least square regression equation and correctly interpret the equation.
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- l) Compare the multiple regression model (question 3) and simple linear regression model (question 4)….
- f) Plot the dependent variable against each independent variable using scatter plot/dot function in Excel….
- a) Provide the complete summary statistics for Market Price ($000) and Age of house (years).
- g) Present the multiple regression model with complete regression summary output in your Tutoring.
- b) Describe the shape of the distributions for Market Price ($000) and Age of house (years).
- m) Predict the market price of a house (in $) with a building area of 250 square meters. Explain why your answer is valid.
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