Question: You need to develop a model to predict the assessed value of houses in Silver Spring, Maryland, based on the size of the house, whether

You need to develop a model to predict the assessed value of houses in Silver Spring, Maryland, based on the size of the house, whether it has a fireplace, the number of bedrooms, and the number of bathrooms. A sample of 30 houses is selected and the results are stored in SilverSpring. Develop the most appropriate multiple regression model to predict assessed value. Be sure to perform a thorough residual analysis. In addition, provide a detailed explanation of the results.

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Let Y assessed value X 1 size X 2 1 if it has a fireplace 0 otherwise X 3 number of bedrooms X 4 num... View full answer

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