Free Educational Resources

• > ECN 601 MODULE 4 MULTIPLE REGRESSION MODELS
+

ECN 601 MODULE 4 MULTIPLE REGRESSION MODELS

Rating:
(0)
Author: simmons96 96
Description:

http://theperfecthomework.com/ecn-601-module-4-multiple-regression-models/

4-22
The following data give the selling price, square footage, number of bedrooms, and the age of the houses that have sold in a neighborhood in the past 6 months. Develop three regression models to predict the selling price based upon each of other the other factors individually. Which of these is the best?
4-23
Using the above data and develop a regression model to predict selling price based on the square footage and number of bedrooms. Use this to predict the selling price of a 2,000 square foot house with 3 bedrooms. Compare this model with the above models. Should the number of bedrooms be included in the model? Why or why not?
4-24
Use the data in Problem 4-22 and develop a regression model to predict selling price based   on the square footage, number of bedrooms, and age. Use this to predict the   selling price of a 10-year-old, 2,000-square-foot house with 3 bedrooms.
4-32
In 2009, the New York Yankees won 103 baseball games during the regular season. The table on the next page lists the number of victories (W), the earned-run- average (ERA), and the batting average (AVG) of each team in the American League. The ERA is one measure of the effectiveness of the pitching staff, and a lower number is better. The batting average is one measure of effectiveness of the hitters, and a higher number is better.

(more)
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

No credit card required

25 Sophia partners guarantee credit transfer.

226 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 21 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial