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Find out the estimated regression equation

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Reference no: EM132854854

To value the potential Industrial properties appropriately, Dick Nelson has hired industrial real estate consultant. And have collected a sample of 57 sales of Industrial real estate properties that were sold recently in L.A. County and San Bernardino County that met the requirements as potential sites to buy.

You performed a Multiple Linear Regression analysis using the Sale Price as Response and relevant predictor variables.
What will be the executive summary.

Questions based on below JMP print out.

Model

-The estimated regression equation? Explain b0, b1, Does b0, b1 make sense? KPIs
-R-sq, what is the practical meaning of R-sq?
-The Standard error of Estimate, What is the practical meaning of S?

Hypothesis testing for regression

-Is there sufficient evidence to conclude that the model contributes information for predicting Y?

Suggestions for better Model

-How to increase R-sq
-What factors are important based on your domain expertise

Reference no: EM132854854

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