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How good is regression model

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Reference no: EM133014195

What question(s) this case is trying to address?

  1. How good is this regression Model? What are the metrics that you would use to answer this question?
  2. Which Independent Variable is the most important predictor variable & why?
  3. Which Independent Variables are not important and why? 
  4. How much (percentage) of the variation in the Dependent Variable is accounted for by the Independent Variables in the model? Which value would you use to answer this question?
  5. How much does the monthly rent increase for increase in one Sq. Ft. in premises, keeping everything else constant?
  6. What other conclusions can you draw from this model?

Reference no: EM133014195

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