You are consulting for a large real estate firm. You have been asked to construc

Question

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)?

2. Click on any cell. Click on InsertScatterScatter with markers (upper left). To add a trendline, click ToolsLayoutTrendlineLinear Trendline Does the scatterplot indicate observable correlation? If so, does it seem to be strong or weak? In what direction?

Explanation / Answer

1) Variable which we want to predict is a dependent variable. Here we want to predict price so price is dependent variable(Y) . Square foot is dependent variable X.

2)

Data is missing in the question. Provide me data for me to draw the graph and trendline.

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