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Question 4-22: http://www.chegg.com/homework-help/questions-and-answers/looking-

ID: 3382721 • Letter: Q

Question

Question 4-22: http://www.chegg.com/homework-help/questions-and-answers/looking-assistance-problem-could-please-explain-running-ression-model-excel-following-data-q8717033

Use the data in Problem 4-22 and develop a regression model to predict selling price based on the square footage and number of bedrooms. Use this to predict the selling price of a 2,000-square-foot house with three bedrooms. Compare this model with the models in Problem 4-22. Should the number of bedrooms be included in the model? Why or why not?

4-24 Use the data in Problem 4-22 and develop a regression model to predict selling price based on the square footage, number of bedrooms, and age. Use this to predict the selling price of a 10-year-old, 2,000-square-foot house with three bedrooms. (A) State the linear equation. (B) Explain the overall statistical significance of the model. (C) Explain the statistical significance for each independent variable in the model (D) Interpret the Adjusted R2. (E) Is this a good predictive equation(s)? Which variables should be excluded (if any) and why? Explain.

Explanation / Answer

Question 4-22: http://www.chegg.com/homework-help/questions-and-answers/looking-

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