Using your results from part (b), evaluate the addition of the variables: pool or garage.ĭ. Write out the regression equation and interpret its practicalĪpplication. How did you select the variables to include in the equation? How did you use the information from the correlation analysis? Show that your regression equation shows a Use a statistical software package to determine the multiple regression equation.
Which independent variables have strong or weak correlations with the dependent variable? Do you see any problems with multicollinearity?ī. Selling price of the home as the dependent variable and determine the regression equation using the size of the house, number of bedrooms, days on the market, and numberĪ. The North Valley Real Estate data reports information on homes on the market.
