Question: does this answer Does distance from downtown affect property prices? What are some things that might hinder your results? Regression Analysis - Distance from CBD
does this answer Does distance from downtown affect property prices? What are some things that might hinder your results?
Regression Analysis - Distance from CBD vs. Unit Property Prices The Correlation coefficient r is 0.041, indicating it is Distance vs Sale Prices for Units a very weak positive linear relationship between ) the distance from CBD and Unit Property Prices. The coefficient of determination (r* =0.002) indicates that only 0,2% of the variance in unit prices is explained by the distance from the CBD, suggesting that distance is not a significant predictor. Based on the low rand 2 values, there is minimal Variables to no linear relationship between distance from the CBD and property prices. Dependent Variable: The data points are widely spread around the trend Unit Property Prices line, showing that other factors might be Independent Variable: influencing property prices more significantly. Distance from CBDStep by Step Solution
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