Question: JUST QUESTION 4 PLEASE QUESTION 3 The following data gives the selling price of a house as a function of the house size FORECASTING MODELS

JUST QUESTION 4 PLEASE

JUST QUESTION 4 PLEASE QUESTION 3 The following

QUESTION 3 The following data gives the selling price of a house as a function of the house size FORECASTING MODELS HOME SELLING PRICE (THOUSANDS) $182.5 1 HOME SIZE (THOUSANDS OF SQ. FT.) 2.01 2.65 2.43 2.89 2 3 4 5 2.55 3.00 6 7 $227.3 $251.9 $325.2 $225.1 $315.0 $367.5 $220.8 $266.5 $261.0 $177.5 $235.9 3.22 8 2.37 9 2.91 2.56 10 11 12 2.25 3.41 Using linear regression, what is your forecast for the price of a house that is 3,100 square feet in size? Less than 100K Between 101K and 250K Between 251K and 300K 301K or higher QUESTION 4 In the house price forecast model of Question 3, what is the Mean Absolute Percentage Error (MAPE) of the linear regression model? Less than 5% Between 5.01% and 7.00% Between 7.01% and 10% More than 10.01%

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