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Real Estate Regression Excercise

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 (Los Angeles). You have data on square footages and listing prices for 100 homes. ( See attached document) Please answer these questions 3. Click on Data→Data Analysis→Regression→OK. Highlight your data (including your two headings) and input the correct columns into Input Y Range and Input X Range, respectively. Make sure to check the box entitled “Labels”. (a) What is the Coefficient of Correlation between square footage and listing price? (b) Does your Coefficient of Correlation seem consistent with your answer to #2 above? Why or why not?
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 (Los Angeles). You have data on square footages and listing prices for 100 homes. ( See attached document) Please answer these questions 3. Click on Data→Data Analysis→Regression→OK.
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Assignment ID
58322
Discipline
CREATED ON
6 November 2016
COMPLETED ON
8 November 2016
Price
$40
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