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A real estate agency collected the data shown below, where
y = sales price of a house (in thousands of dollars)
x1 = home size (in hundreds of square feet)
x2 = rating (an overall rating for the house expressed on a scale from 1 (worst) to 10 (best).
Sales Price (y) Home Size (x1) Rating (x2)
180.0 23 5
98.1 11 2
173.1 20 9
136.5 17 3
141.0 15 8
165.9 21 4
193.5 24 7
127.8 13 6
163.5 19 7
172.5 25 2
The agency developed the following regression model:
y = βo + β1 x1 + β2 x2+ €
a) Show why this may be a reasonable model for the relationship between the sales price and home size?
b) What factors are represented in the error term in this model? Give a specific example of these factors.
Quota sampling Under this method enumerators shall select the respondents in place of those not available, as per the quota fixed according to guide lines provided to them.
i need to solve couple questions on a data set ?
wants to complete assignment for uk university which i need toy submit latest by 10th october
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