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Summary of Fit RSquare 1 RSquare Adj 0.6934 Root Mean Square Error 34.9853 Mean of Response 237.2661 Observations (or Sum Wgts) 131 Analysis of...
Multiple Regression. This data is based on a random sample of housing sales in Newark, DE from 2005 to 2008. The total sample size is 131 houses. The dependent variable is PRICE in $1,000s (the actual sale price is divided by 1,000). We will look at four independent variables.
- AREA The total square footage of the house
- LOTSIZE The size of the lot in acres
- BEDROOMS The number of bedrooms in the house
- BATHDUM A dummy variable for the number of full bathrooms where 1 = 2 or more bathrooms, 0 = 1 bathroom