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Assignment questions
1. Develop a simple linear regression model between Sold Price as dependent variable and
Interiors as the independent variable. Perform all the necessary diagnostics test and infer
the output.
2. Is it possible to infer that for sold price increases by at least 100 USD for every one unit
increase in interior at 5% significance?
3. Develop a multiple linear regression model that can be used to estimate the price of
condominiums like 236 Ellery Street in Cambridge, Massachusetts.
4. Check whether the regression assumptions are satisfied by the model, if not identify and
use suitable remedies.
5. Address any other issues that should be addressed before the model can be used.
6. Calculate and comment on confidence and prediction intervals for the price of 236 Ellery
Street. What should Affiars opening offer price be?
You are required to work on the case in assigned groups and submit a case report latest by
midnight of Thursday 19th October 2017.
Each student is required to fill and submit the attached Peer Evaluation form to Asfia (B-
Block, first floor).
Please evaluate each member of your group on a scale from A to D for each of the aspects
listed below. A Excellent, B Good, C Satisfactory, D - Unsatisfactory
Helped in
Generation of ideas
Involved in the
group work
Overall assessment of
the contribution this
person made to the
groups task.