Use the data in problem 4-22 and develop a regression model to predict selling p

Question

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 2000 square foot house with 3 bedrooms. Compare this model with the model in problem 4-22. Should the number of bedrooms be included in the model? WHY OR WHY NOT?

Selling Price Sq. Footage Bedrooms Age (Yrs) $             84,000 1670 2 30 $             79,000 1339 2 25 $           915,000 1712 3 30 $             12,000 1840 3 40 $           127,500 2300 3 18 $           132,500 2234 3 30 $           145,000 2311 3 19 $           164,000 2377 3 7 $           155,000 2736 4 10 $           168,000 2500 3 1 $           172,500 2500 4 3 $           174,000 2479 3 3 $           175,000 2400 3 1 $           177,500 3124 4 0 $           184,000 2500 3 2 $           195,500 4062 4 10 $           195,000 2854 3 3

Explanation / Answer

Use the data in problem 4-22 and develop a regression model to predict selling p

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