1 / 8

Problem 4 - 20

Problem 4 - 20. Development of three regression models to predict the selling price of a home based upon square footage, age, and number of bedrooms. Scatter Diagram . Scatter Diagram. Scatter Diagram. Which model is best?.

kevork
Download Presentation

Problem 4 - 20

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Problem 4 - 20 Development of three regression models to predict the selling price of a home based upon square footage, age, and number of bedrooms Jan White

  2. Jan White

  3. Scatter Diagram Jan White

  4. Jan White

  5. Scatter Diagram Jan White

  6. Jan White

  7. Scatter Diagram Jan White

  8. Which model is best? Based on the output values shown for each model, the best model is correlation between Selling Price/Age, followed closely by Selling Price/Square Footage. Both of the above models have a high r2 value (over 0.5). Both of the above models have a low F-test value (under 0.5) Jan White

More Related