User Account

All Pages

Regression analysis with assessment value

Assignment Help Business Management
Reference no: EM133085816

Help, please. Simple with an explanation.

FloorArea (Sq.Ft.) Offices Entrances Age AssessedValue ($'000)
4790 4 2 8 1796
4720 3 2 12 1544
5940 4 2 2 2094
5720 4 2 34 1968
3660 3 2 38 1567
5000 4 2 31 1878
2990 2 1 19 949
2610 2 1 48 910
5650 4 2 42 1774
3570 2 1 4 1187
2930 3 2 15 1113
1280 2 1 31 671
4880 3 2 42 1678
1620 1 2 35 710
1820 2 1 17 678
4530 2 2 5 1585
2570 2 1 13 842
4690 2 2 45 1539
1280 1 1 45 433
4100 3 1 27 1268
3530 2 2 41 1251
3660 2 2 33 1094
1110 1 2 50 638
2670 2 2 39 999
1100 1 1 20 653
5810 4 3 17 1914
2560 2 2 24 772
2340 3 1 5 890
3690 2 2 15 1282
3580 3 2 27 1264
3610 2 1 8 1162
3960 3 2 17 1447

Instructions:

The Excel file for this assignment contains a database with information about the tax assessment value assigned to medical office buildings in a city. The following is a list of the variables in the database:

  • FloorArea: square feet of floor space
  • Offices: number of offices in the building
  • Entrances: number of customer entrances
  • Age: age of the building (years)
  • AssessedValue: tax assessment value (thousands of dollars)

Use the data to construct a model that predicts the tax assessment value assigned to medical office buildings with specific characteristics.

  • Construct a scatter plot in Excel with FloorArea as the independent variable and AssessmentValue as the dependent variable. Insert the bivariate linear regression equation and r^2 in your graph. Do you observe a linear relationship between the 2 variables?
  • Use Excel's Analysis ToolPak to conduct a regression analysis of FloorArea and AssessmentValue. Is FloorArea a significant predictor of AssessmentValue?
  • Construct a scatter plot in Excel with Age as the independent variable and AssessmentValue as the dependent variable. Insert the bivariate linear regression equation and r^2 in your graph. Do you observe a linear relationship between the 2 variables?
  • Use Excel's Analysis ToolPak to conduct a regression analysis of Age and Assessment Value. Is Age a significant predictor of AssessmentValue?

Construct a multiple regression model.

  • Use Excel's Analysis ToolPak to conduct a regression analysis with Assessment Value as the dependent variable and FloorArea, Offices, Entrances, and Age as independent variables. What is the overall fit r^2? What is the adjusted r^2?
  • Which predictors are considered significant if we work with α=0.05? Which predictors can be eliminated?
  • What is the final model if we only use FloorArea and Offices as predictors?
  • Suppose our final model is:
  • AssessedValue = 115.9 + 0.26 x FloorArea + 78.34 x Offices
  • What wouldbe the assessed value of a medical office building with a floor area of 3500 sq. ft., 2 offices, that was built 15 years ago? Is this assessed value consistent with what appears in the database?

Reference no: EM133085816

Questions Cloud

What enrollment will enable alameda tile to break even : Fixed costs (advertising, salaries, and so on) 96,000 per year. What enrollment will enable Alameda Tile to break even
Diversity management in globalized economy : Explain the type of analyses conducted? Explain why and how you selected the data to be collected/analyzed?
Differentiate areas of corporate social responsibility : Evaluate the given corporate social responsibility impacts on the business activities. Describe the U.S. national and international trends in CSR,
What is the break-even point : What is the break-even point? What sales dollars will be required to make $180,000? To make $450,000
Regression analysis with assessment value : Use the data to construct a model that predicts the tax assessment value assigned to medical office buildings with specific characteristics.
Ethical issue or social responsibility was highlighted : Think of a recent event in the news where an ethical issue or social responsibility was highlighted.
Emerging trend for businesses in today environment : Corporate social responsibility is an emerging trend for businesses in today's environment.
Understanding of lifetime fitness and wellness : Reflect on your understanding of lifetime fitness and wellness. Including the seven dimensions of wellness. What dimensions are strengths?
Main competitors of air canada globally : Who are the main Competitors of AIR CANADA globally?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd