Develop three regression models

Reference no: EM13999866

The following data give the selling price, squarefootage, number of bedrooms, and age of housesthat have sold in a neighborhood in the past 6months. Develop three regression models to predictthe selling price based upon each of the other factorsindividually. Which of these is best?

SELLING SQUARE AGE

PRICE($) FOOTAGE BEDROOMS (YEARS)

64,000 1,670 2 30

59,000 1,339 2 25

61,500 1,712 3 30

79,000 1,840 3 40

87,500 2,300 3 18

92,500 2,234 3 30

95,000 2,311 3 19

113,000 2,377 3 7

SELLING SQUARE AGE

PRICE($) FOOTAGE BEDROOMS (YEARS)

115,000 2,736 4 10

138,000 2,500 3 1

142,500 2,500 4 3

144,000 2,479 3 3

145,000 2,400 3 1

147,500 3,124 4 0

144,000 2,500 3 2

155,500 4,062 4 10

165,000 2,854 3 3

Reference no: EM13999866

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