Question: This is the assignment, but I only really need D and E PLEASE HELP Identify most important variables using best subset algorithm to predict logarithm

This is the assignment, but I only really need D and E

PLEASE HELP

Identify most important variables using best subset algorithm to predict logarithm of housing prices using

three model selection criteria (rss = residual sum of square; adjr^2 = adjusted R^2 and bic =Bayesian

information criteria).

B. Provide descriptive statistics for identified important variables in Part 1 A.

C. Run multiple linear regression model with these identified variables (in Part 1 A). Write regression equation

and interpret any four regression coefficients.

D. Run multiple regression analysis with the variables identified in Part 1 with adding quadratic effects of

house size (SQFT) and provide average marginal effects (ame) with comments.

E. Plot and interpret prediction and average marginal effects of house size.

PRICEK House prices in thousand dollars

DSALE Distress Sale (1 = yes, 0= No)

BEDROOM Number of Bedrooms

SQFT House size

Ln_LotSize Log of Lot Size

CENTRALAIR 1 = Yes, 0 = No

BRICK 1 = Full or Partial Brick, otherwise 0

GARAGE Numbers of car garages

FIREPLACE Number of fireplaces

BASE_FIN 1 = Yes, 0 = No

MASONRY 1 = Yes, 0= No

PUBOPEN 1 = Yes, 0 = No (public open space)

MICHLAKE 1 = Located within 1 mile from Michigan Lake, 0= No

LAKE_RIVER =1 if located within 660 feet from river and lake, 0 otherwise

METRA_DIST Distance from Metro station

RAIL_DIST Distance from Rail station

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!