A sample consists of 500 houses sold in Karachi between January 2020 and December 2020. The multiple linear regression analysis is carried out to predict the house prices for investment in residential properties in Karachi, Pakistan The output below is produced using SPSS. (300 words) Table: Coefficients Model Unstandardized Coefficients VIF Constant 14.208 5.736 Age of house -0.299 -2.322 1.58 Square footage of the house 0.364 2.931 1.71 Income of families in the area p.004 0.392 1.01 Transportation time to major markets -0.337 -2.619 1.90 R² = 0.67; DW= 2.08 Dependent Variable: House price (Pakistani rupees in Million) a) You are required to write the multiple regression equation. b) How would you interpret the above Output' of a regression analysis performed in SPSS? c) From the aboe results, what can you say about the nature of autocorrelation? d) Is there multicollinearity in regression? How do you know?

A sample consists of 500 houses sold in Karachi between January 2020 and December 2020. The multiple linear regression analysis is carried out to predict the house prices for investment in residential properties in Karachi, Pakistan The output below is produced using SPSS. (300 words) Table: Coefficients Model Unstandardized Coefficients VIF Constant 14.208 5.736 Age of house -0.299 -2.322 1.58 Square footage of the house 0.364 2.931 1.71 Income of families in the area p.004 0.392 1.01 Transportation time to major markets -0.337 -2.619 1.90 R² = 0.67; DW= 2.08 Dependent Variable: House price (Pakistani rupees in Million) a) You are required to write the multiple regression equation. b) How would you interpret the above Output' of a regression analysis performed in SPSS? c) From the aboe results, what can you say about the nature of autocorrelation? d) Is there multicollinearity in regression? How do you know?

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section: Chapter Questions

Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...

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If your graphing calculator is capable of computing a least-squares sinusoidal regression model, use it to find a second model for the data. Graph this new equation along with your first model. How do they compare?
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The sheet called HousePr contains data on prices of houses that have sold recently and two attributes of the house – the number of bedrooms and the size. Column 1 is the selling price of the house in thousands of dollars and column 2 is the size in hundreds of square feet.A. What is the expected price for a house with size 2000 square feet? Using relevant Excel output, discuss whether the margin of error of this expected price will be low or high.B. Using Excel, obtain the equation of the linear regression line that fits this data for price vs. number of bedrooms. Is the true slope different from zero?C. Which of these two variables – number of bedrooms or size, is the better predictor for price and why? Price SqrFoot Bedrooms731 21 4901 22 4736 16 3866 19 3697 12 2836 17 3694 17 3843 18 3721 15 4883 18 2913 17 3868 17 3642 17 3884 17 3810 16 2841 16 3779 17 4726 16 3667 14 2870 21 4834 16 2776 19 4681 14 2846 19 4917 20 4946 23 5813 20 4911 18 3723 17 3711 15 2897 19 4881 22 4863 19…
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The new manager of an Information Technology company collected data for a sample of 20 computer programmers in the organization to perform a multiple regression analysis on the structure of their salaries. The aim of this manager in this exercise is to determine if the Salary (y) of a hired computer programmer was related to the years of Experience (??) in the organization and also the Score (??) of the programmers during their first interview aptitude test scores. The years of experience, score on the aptitude test and the corresponding annual salary (in thousands of Ghana cedis) for a sample of the 20 programmers is shown in the Regression statistics table below; Experience (??) (in years) Score (??) (out of 100%) Salary (y) (GH¢ 000) 4 78 24 7 100 43 1 86 23.7 5 82 34.3 8 86 35.8 10 84 38 0 75 22.2 1 80 23.1 6 83 30 6 91 33 9 88 38 2 73 26.6 10 75 36.2 5 81 31.6…
The new manager of an Information Technology company collected data for a sample of 20 computer programmers in the organization to perform a multiple regression analysis on the structure of their salaries. The aim of this manager in this exercise is to determine if the Salary (y) of a hired computer programmer was related to the years of Experience (??) in the organization and also the Score (??) of the programmers during their first interview aptitude test scores. The years of experience, score on the aptitude test and the corresponding annual salary (in thousands of Ghana cedis) for a sample of the 20 programmers is shown in the Regression statistics table below; Experience (??) (in years) Score (??) (out of 100%) Salary (y) (GH¢ 000) 4 78 24 7 100 43 1 86 23.7 5 82 34.3 8 86 35.8 10 84 38 0 75 22.2 1 80 23.1 6 83 30 6 91 33 9 88 38 2 73 26.6 10 75 36.2 5 81 31.6…
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