Reference no: EM132854857

A real estate developer wishes to study the relationship between the size of home a client will purchase (in square feet) and other variables. Possible independent variables include the family income, family size, whether there is a senior adult parent living with the family (1 for yes, 0 for no), and the total years of education beyond high school for the husband and wife. The sample information is reported below.

Family SqrFt Income Size Senior Education

1 2240 60.8 2 0 4

2 2380 68.4 2 1 6

3 3640 104.5 3 0 7

4 3360 89.3 4 1 0

5 3080 72.2 4 0 2

6 2940 114 3 1 10

7 4480 125.4 6 0 6

8 2520 83.6 3 0 8

9 4200 133 5 0 2

10 2800 95 3 0 6

Develop an appropriate multiple regression equation. Which independent variables would you include in the final regression equation? Use the stepwise method.