Scribd Logo
Upload

Welcome to Scribd!

  • Ch.18 - Regression Example

    Uploaded by

    Emma Lu
    29 views7 pages
    This document contains data on home prices, living areas, and lot sizes for 30 properties. A regression analysis found a strong correlation between price, living area (R^2 = 0.934), and both living area and lot size (R^2 = 0.932). The regression equation to predict price is: Price = -28,583 + 63.79 * Living Area. Residual plots and other outputs are also presented.

    Original Description:

    Original Title

    Ch.18_Regression Example

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    XLS, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document contains data on home prices, living areas, and lot sizes for 30 properties. A regression analysis found a strong correlation between price, living area (R^2 = 0.934), and both living area and lot size (R^2 = 0.932). The regression equation to predict price is: Price = -28,583 + 63.79 * Living Area. Residual plots and other outputs are also presented.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    29 views7 pages

    Ch.18 - Regression Example

    Uploaded by

    Emma Lu
    This document contains data on home prices, living areas, and lot sizes for 30 properties. A regression analysis found a strong correlation between price, living area (R^2 = 0.934), and both living area and lot size (R^2 = 0.932). The regression equation to predict price is: Price = -28,583 + 63.79 * Living Area. Residual plots and other outputs are also presented.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    Living Area Lot Size Price Data File of Example 2

    1500 12000 62200


    1200 10000 53950
    1200 10000 47900
    1600 15000 70000
    1400 12000 57000
    1200 10000 55700
    1600 15000 73600
    1500 12000 69600
    1500 12000 70800
    1300 12000 50600
    1600 13000 69000
    1900 15000 93000
    1800 15000 94000
    2000 17000 80300
    2000 17000 97000
    1700 15000 82400
    1800 15000 81700
    1900 16000 86000
    2000 16000 88000
    1600 13000 77500
    2400 18000 118700
    2600 18000 146800
    2300 16000 132400
    2200 16000 111200
    2800 20000 139100
    2700 20000 142300
    3000 22000 155850
    2400 18000 128000
    2500 20000 159400
    2400 18000 123000

    2100 17000
    SUMMARY OUTPUT

    Regression Statistics
    Multiple R 0.968002248
    R Square 0.9370283522
    Adjusted R Square 0.9323637857
    Standard Error 8733.150233
    Observations 30

    ANOVA
    df SS MS F Significance F
    Regression 2 30641731349 15320865675 200.88219375 6.1441001E-17
    Residual 27 2059233650.81 76267912.993
    Total 29 32700965000

    Coefficients Standard Error t Stat P-value Lower 95% Upper 95%


    Intercept -21456.43008 9184.85630737 -2.336065951 0.0271610393 -40302.185919 -2610.674243
    Living Area 75.621919 11.5063277504 6.5722027601 4.754623E-07 52.012900403 99.230937598
    Lot Size -1.954431511 1.82678703105 -1.069873761 0.2941477229 -5.7026863777 1.7938233559

    Living Area Lot Size Price


    Living Area 1
    Lot Size 0.960871336 1
    Price 0.9666223415 0.91448786832 1
    SUMMARY OUTPUT

    Regression Statistics
    Multiple R 0.9666223415
    R Square 0.9343587511
    Adjusted R Square 0.9320144208
    Standard Error 8755.6760808
    Observations 30

    ANOVA
    df SS MS F Significance F
    Regression 1 30554432818 30554432818 398.56104941 4.2529624E-18
    Residual 28 2146532181.67 76661863.631
    Total 29 32700965000

    Coefficients Standard Error t Stat P-value Lower 95% Upper 95%


    Intercept -28583.11135 6340.03821739 -4.508350008 0.0001062124 -41570.105495 -15596.1172
    Living Area 63.79328716 3.19541709553 19.963993824 4.252962E-18 57.2477646105 70.33880971
    RESIDUAL OUTPUT

    Observation Predicted Price Residuals Bin Range


    1 67106.81939265 -4906.819393 -9263
    2 47968.83324454 5981.1667555 178
    3 47968.83324454 -68.83324454 9619
    4 73486.14810868 -3486.148109 19060
    5 60727.49067661 -3727.490677 28501
    6 47968.83324454 7731.1667555
    7 73486.14810868 113.85189132
    8 67106.81939265 2493.1806074
    9 67106.81939265 3693.1806074
    10 54348.16196058 -3748.161961
    11 73486.14810868 -4486.148109
    12 92624.13425679 375.86574321
    13 86244.80554076 7755.1944592
    14 99003.46297283 -18703.46297
    15 99003.46297283 -2003.462973
    16 79865.47682472 2534.5231753
    17 86244.80554076 -4544.805541
    18 92624.13425679 -6624.134257
    19 99003.46297283 -11003.46297
    20 73486.14810868 4013.8518913
    21 124520.777837 -5820.777837
    22 137279.435269 9520.564731
    23 118141.4491209 14258.550879
    24 111762.1204049 -562.1204049
    25 150038.0927011 -10938.0927
    26 143658.7639851 -1358.763985
    27 162796.7501332 -6946.750133
    28 124520.777837 3479.222163
    29 130900.106553 28499.893447
    30 124520.777837 -1520.777837
    Bin Range Frequency
    -9263 3 Histogram
    178 15
    9619 10 16
    19060 1
    28501 1 14
    More 0
    12

    10

    Frequency
    8
    Frequency
    6

    0
    -9263 178 9619 19060 28501 More

    Bin Range
    Residual Plot
    40000

    30000

    20000

    10000
    Residuals

    Residuals

    0
    40000 60000 80000 100000 120000 140000 160000 180000

    -10000

    -20000

    -30000

    Predicted
    Prediction Interval

    Price

    Predicted value 105382.8

    Prediction Interval
    Lower limit 87113.08
    Upper limit 123652.5

    Interval Estimate of Expected Value


    Lower limit 101902.8
    Upper limit 108862.8

    You might also like