You are a real estate broker who wants to compare property values in Glen Cove and Roslyn
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You are a real estate broker who wants to compare property values in Glen Cove and Roslyn (which are located approximately 8 miles apart). In order to do so, you will analyze the data in GCRoslyn, a file that includes samples of houses from Glen Cove and Roslyn. Making sure to include the dummy variable for location (Glen Cove or Roslyn), develop a regression model to predict fair market value, based on the land area of a property, the age of a house, and location. Be sure to determine whether any interaction terms need to be included in the model.
BrokerA broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...
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Related Book For
Business Statistics A First Course
ISBN: 9780321979018
7th Edition
Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan
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