The following data gives the selling price, square footage, number of bedrooms,

Question

The following data gives the selling price, square footage, number of bedrooms, and age of houses that have sold in the neighborhood in the past 6 months. Devlope three regression models to predict the selling price based upon each of the other factors individually. Which of these is the best?

Selling Price Sq. Footage Bedrooms Age (Yrs) $             84,000 1670 2 30 $             79,000 1339 2 25 $           915,000 1712 3 30 $             12,000 1840 3 40 $           127,500 2300 3 18 $           132,500 2234 3 30 $           145,000 2311 3 19 $           164,000 2377 3 7 $           155,000 2736 4 10 $           168,000 2500 3 1 $           172,500 2500 4 3 $           174,000 2479 3 3 $           175,000 2400 3 1 $           177,500 3124 4 0 $           184,000 2500 3 2 $           195,500 4062 4 10 $           195,000 2854 3 3

Explanation / Answer

The following data gives the selling price, square footage, number of bedrooms,

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