Tag Archives: Regression Equation

Analyzing how the slope can help identify price changes, how the regression equation can help identify appropriate listing prices, and what square footage ranges the graph would be best used for.

Topic: Real estate Summary Statistics for MAT 240 Real Estate Data (for dataset in Modules 2, 3, and 4) n Mean Median Std. Dev. Min Q1 Q3 Max Listing price ($) 1,000 342,365 318,000 125,914 135,300 265,250 381,600 987,600 Cost per square foot ($) 1,000 169 166 41 71 139 191 344 Square feet 1,000 […]

Do you suspect the relation is positive-negative? Why-Which would be considered the independent variable-which the dependent variable? Why?

Regression and Correlation Look back to the raw data you collected in week 1. There are 7 variables listed: Vehicle type/class Year Make Model Price MPG (city) MPG (highway) Choose TWO variables that you feel are correlated and explain why you feel that they are correlated. Do you suspect the relation is positive or negative? […]