Question: Develop and state multiple regression model. Interpret each coefficient in the model. Interpret the coefficient of determination value. Calculate the estimated price of the following
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Develop and state multiple regression model.
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Interpret each coefficient in the model.
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Interpret the coefficient of determination value.
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Calculate the estimated price of the following house with 2,750 square feet, 4 bedrooms, 3 bathrooms, 0.45 acres lot, 2 attached garage and built in 2010 (10 years old).
Please show all EXCEL FORMULAS and EXCEL SOLVER FORMULAS WITH STEPS.
D E F M N N P P B 1 U Develop and state multiple regression model. Bedrooms 3 4 Interpreteach coefficient in the mode 3 6 3 2 3 3 Las of HOLS 19 19 37 GG 1 55 136 114 104 7G SA 74 Squarefoot Bedrooms Bathroom Lat Sine Age of House Hof Garage Interpret the coefficient of determination value 3 4 4 Bathroom 3.0 20 2.5 2.5 4.0 2.5 1.0 1.0 2.0 2.0 2.0 2.0 3.0 3.5 1.0 3.0 3.0 3.0 3.5 2.0 3.5 1.0 2.5 2.5 Estimated House Price B B 1 Na Souare Foat 2 1 2621 3 2 3277 4 3 3181 5 2587 6 5 3175 7 S 1759 1339 9 B 1677 10 9 1239 11 10 1587 12 11 1177 13 12 2221 14 13 2730 15 14 2975 16 15 1377 17 16 2375 18 17 2331 19 18 2521 20 19 21 20 1778 22 21 1825 23 22 1125 24 23 1791 25 24 2647 26 25 2675 27 26 1181 28 27 2125 29 28 2375 30 29 2552 31 30 2125 32 33 34 35 1 1 124 Lo: Size 0.27 0.24 0.83 0.48 0.32 0.19 0.09 0.13 0.29 0.09 0.00 0.97 0.13 0.43 0.00 3.50 0.31 0.11 0.16 0.17 1.00 O.CO 0.60 3.88 0.CO 0.13 0.00 0.CO 0.00 0.09 3 2 4 3 3 3 3 3 3 2 3 3 5 2 3 4 3 5 af Garage Listing Price 2 $234,900 2 $275,000 2 $264,900 0 $250,000 $500,000 $ 1 $245.000 0 $164,000 1 $204,900 1 $203.000 1 $254,000 1 $235.000 $ 2 $264,500 3 $350,000 3 $414,000 a $185.000 3 $345,000 2 $297,000 2 $320,000 3 $420,000 1 $242,000 3 $343.000 0 $114,000 2 2 $300,000 2 $274,500 2 $450,000 1 $216,000 3 $347.000 2 $405.000 2 $433,000 2 $420,000 $ 2446 11 54 74 1 41 79 42 0 0 38 15 2.0 3.5 4.5 3.5 3.5 24 2 1 1 30 D E F M N N P P B 1 U Develop and state multiple regression model. Bedrooms 3 4 Interpreteach coefficient in the mode 3 6 3 2 3 3 Las of HOLS 19 19 37 GG 1 55 136 114 104 7G SA 74 Squarefoot Bedrooms Bathroom Lat Sine Age of House Hof Garage Interpret the coefficient of determination value 3 4 4 Bathroom 3.0 20 2.5 2.5 4.0 2.5 1.0 1.0 2.0 2.0 2.0 2.0 3.0 3.5 1.0 3.0 3.0 3.0 3.5 2.0 3.5 1.0 2.5 2.5 Estimated House Price B B 1 Na Souare Foat 2 1 2621 3 2 3277 4 3 3181 5 2587 6 5 3175 7 S 1759 1339 9 B 1677 10 9 1239 11 10 1587 12 11 1177 13 12 2221 14 13 2730 15 14 2975 16 15 1377 17 16 2375 18 17 2331 19 18 2521 20 19 21 20 1778 22 21 1825 23 22 1125 24 23 1791 25 24 2647 26 25 2675 27 26 1181 28 27 2125 29 28 2375 30 29 2552 31 30 2125 32 33 34 35 1 1 124 Lo: Size 0.27 0.24 0.83 0.48 0.32 0.19 0.09 0.13 0.29 0.09 0.00 0.97 0.13 0.43 0.00 3.50 0.31 0.11 0.16 0.17 1.00 O.CO 0.60 3.88 0.CO 0.13 0.00 0.CO 0.00 0.09 3 2 4 3 3 3 3 3 3 2 3 3 5 2 3 4 3 5 af Garage Listing Price 2 $234,900 2 $275,000 2 $264,900 0 $250,000 $500,000 $ 1 $245.000 0 $164,000 1 $204,900 1 $203.000 1 $254,000 1 $235.000 $ 2 $264,500 3 $350,000 3 $414,000 a $185.000 3 $345,000 2 $297,000 2 $320,000 3 $420,000 1 $242,000 3 $343.000 0 $114,000 2 2 $300,000 2 $274,500 2 $450,000 1 $216,000 3 $347.000 2 $405.000 2 $433,000 2 $420,000 $ 2446 11 54 74 1 41 79 42 0 0 38 15 2.0 3.5 4.5 3.5 3.5 24 2 1 1 30Step by Step Solution
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