Question: Consider the sample data on Boston house prices given by the Excel file Boston.xlsx. The definitions of each column are given below 1. CRIM: per

 Consider the sample data on Boston house prices given by the

Consider the sample data on Boston house prices given by the Excel file "Boston.xlsx". The definitions of each column are given below 1. CRIM: per capita crime rate by town 2. ZN: proportion of residential land zoned for lots over 25,000 sq.ft. 3. INDUS: proportion of non-retail business acres per town 4. CHAS: Charles River dummy variable (= 1 if tract bounds river; 0 otherwise) 5. NOX: nitric oxides concentration (parts per 10 million) 6. RM: average number of rooms per dwelling 7. AGE: proportion of owner-occupied units built prior to 1940 8. DIS: weighted distances to five Boston employment centers 9. TAX: full-value property-tax rate per $10,000 10. PTRATIO: pupil (student) - teacher ratio by town 11. VALUE: Median value of owner-occupied homes in $10,000's You have been asked to build a model that will help you estimate/explain the value of a given property in the Boston area given all the other variables (a total of 10 variables) given in the above list

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