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    JJ, Wi (: Jjo1Ru

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    Sandhya
    This document contains a statistical analysis of factors that influence home sale prices. It finds that the number of bathrooms (MTS), average price per square foot (AVE), number of weeks on the market (WKTS), and number of listings in the past year (OD1-RUNS) all significantly impact sale price, with MTS and OD1-RUNS having the greatest effect. A prediction model is developed that estimates sale price based on these four factors.

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    JJ, Wi (: Jjo1Ru

    Uploaded by

    Sandhya
    17 views8 pages
    This document contains a statistical analysis of factors that influence home sale prices. It finds that the number of bathrooms (MTS), average price per square foot (AVE), number of weeks on the market (WKTS), and number of listings in the past year (OD1-RUNS) all significantly impact sale price, with MTS and OD1-RUNS having the greatest effect. A prediction model is developed that estimates sale price based on these four factors.

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    This document contains a statistical analysis of factors that influence home sale prices. It finds that the number of bathrooms (MTS), average price per square foot (AVE), number of weeks on the market (WKTS), and number of listings in the past year (OD1-RUNS) all significantly impact sale price, with MTS and OD1-RUNS having the greatest effect. A prediction model is developed that estimates sale price based on these four factors.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    17 views8 pages

    JJ, Wi (: Jjo1Ru

    Uploaded by

    Sandhya
    This document contains a statistical analysis of factors that influence home sale prices. It finds that the number of bathrooms (MTS), average price per square foot (AVE), number of weeks on the market (WKTS), and number of listings in the past year (OD1-RUNS) all significantly impact sale price, with MTS and OD1-RUNS having the greatest effect. A prediction model is developed that estimates sale price based on these four factors.

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    of 8

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    Modified Data - Fit Least Squares Page 1 of 2

    Response Sold Price(US$)


    Actual by Predicted Plot

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    Sold Price(USSJ Predicted RMSE=331080
    RSq =0.36 PValue= <.0001

    Effect Summary

    Source Logworth PValue


    MTS 0.00240
    2.620 ~
    OD1-RUNS 2.413 0.00386
    WKTS 2.199 0.00632
    AVE 1.768 :==] 0.01707

    Residual by Predicted Plot

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    Sold Price(USSJ Predicted

    Studentized Residuals

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    Page 2 of 2
    Response Sold Price(US$)
    Studentized Residuals
    Externally studentized resi duals with 95% simu ltaneous limits (Bonferroni) in red, individual limits in
    green .
    Summary of Fit
    RSqua re 0.358186
    RSquare Adj 0.337648
    Root Mean Square Error 331080.1
    Mean of Response 521223.1
    Observations (or Sum Wgts) 130
    Analysis of Variance
    Sum of
    Source DF Squares Mean Square F Ratio
    Model 4 7.6467e+12 1.912e+12 17.4401
    Error 125 1.3702e+13 1.096e+11 Prob> F
    C. Total 129 2.1348e+13 < 0001·
    Parameter Estimates
    Term Estimate Std Error t Ratio Prob>ltl Std Beta VIF
    Intercept 89007.96 63952.2 1.39 0.1665 0
    MTS 4629.6668 1493.927 3.10 0.0024' 0.274221 1.5249654
    AVE 7937.7846 3283.355 2.42 0.0171' 0.216472 1.5615052
    WKTS 2591 .6241 933.1102 2.78 0.0063' 0.229769 1.3329244
    OD1-RUNS 26.940496 9.149979 2.94 0.0039' 0.237229 1.2643423
    Prediction Expression

    89007.959685

    + 4629.6668064, MTS

    + 7937.7846075 ,AVE

    + 2591 .624121 , WKTS

    +26.94049634 °001-RUNS

    Prediction Profiler

    521224
    [463754 9,
    VI & 578693.l J

    35.585 18.719 19.79 2509


    MTS AVE WKTS OD1-RUNS
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