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BUSN 625 Applied Decision Making PS4

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1. Solve Problem and Applications:Solve Problem and Applications: ch 6- prob12 (Home market<br />

values).<br />

Using the data in the Excel file Home Market Value, develop a multiple linear regression model<br />

for estimating the market value as a function of both the age and size of the house.<br />

What are the independent variables?<br />

2. Solve Problem and Applications:Solve Problem and Applications: ch 6- prob12 (Home market<br />

values).<br />

Using the data in the Excel file Home Market Value, develop a multiple linear regression model<br />

for estimating the market value as a function of both the age and size of the house.<br />

What is the dependent variable?<br />

3. Solve Problem and Applications:Solve Problem and Applications: ch 6- prob12 (Home market<br />

values).<br />

Using the data in the Excel file Home Market Value, develop a multiple linear regression model<br />

for estimating the market value as a function of both the age and size of the house.


As you produce a regression table using Excel, what is the value of the Intercept (rounded to one<br />

decimal)?<br />

4. Solve Problem and Applications:Solve Problem and Applications: ch 6- prob12 (Home market<br />

values).<br />

Using the data in the Excel file Home Market Value, develop a multiple linear regression model<br />

for estimating the market value as a function of both the age and size of the house.<br />

What is the formulated regression model?

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