For the House Sales data described in Problem 25, develop a regression model for selling price as
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For the House Sales data described in Problem 25, develop a regression model for selling price as a function of lot cost and region, incorporating an interaction term. What would be the predicted price for a home in either the South or the Midwest with a lot cost of $ 30,000? How do these predictions compare to the overall average price in each region?
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House Sales Region Type Selling Price Lot Cost Midwest Interaction Midwest Townhouse ...View the full answer
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Related Book For 
Business Analytics Methods Models and Decisions
ISBN: 978-0321997821
2nd edition
Authors: James R. Evans
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