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QUESTION
Model Summary Adjusted R. Error of the Model H R Square Square Estimate 894 759 TES 103. TTEGB ANOVA Model Sum of Squares F 10 Mean Square sig ....
Question:
We are examining the factors that affect the selling price of a house. We collect data for sample of 27 houses. For each house we record the "Selling price" (1 unit= €1000) and the "Size of house" (1 unit= 1 square meter, m2).
- Write the final estimated model and interpret the coefficients.
- Is the final model better than the model which included only the Size of the House as an independent variable? Explain.
- Using your model, estimate the selling price of a house that has size 300 square meters, it has 3 bedrooms, it is 10 years old and it has 2 bathrooms.
