how we would put together a model of how to estimate the impact of certain facto
ID: 1102226 • Letter: H
Question
how we would put together a model of how to estimate the impact of certain factors on a variable of interest through linear regression. We have used a number of such examples during this course (runs scored in baseball and individuals wages are examples of dependent variables we have experienced). For this discussion, I would like you to think about what factors have an impact on the selling price of houses in an area. In more technical terms, the selling price of houses is our dependent variable. For your contribution, you must make suggestions for independent variables that we should include in a linear regression. You must also indicate if you think that your variable will increase or decrease the price along with an explanation why you think that your X variable will have an impact on the Y variable (price of houses).
Explanation / Answer
The things i would like to consider as the variables of impact is:
1)no .of bedrooms
2)size of house
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