Ms. Haight, a real estate broker, wishes to forecast the importance of four factors in determining the prices of lots. She accumulates data on price, area, elevation, and slope and rates the view for 50 lots. She runs the data on a correlation program and obtains the correlation matrix given in Table P-17. Ms. Haight then runs the data on a stepwise multiple regression program.

a. Determine which variable will enter the model first, second, third, and last.
b. Which variable or variables will be included in the best prediction equation?

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TABLE P-17 Variable VariablePrice Area Elevation Slope View Price Area Elevation Slope View 2 00 59 1.00 68 88 64 41 1376 1.00 1.00 6 1.00