[Solution] For this case assignment we are going to look at housing - #80178
For this case assignment we are going to look at housing starts again but this time we are going to add another variable to the equation. Read the short article below concerning lumber prices. Then I would like you to compute the multiple regression formula using the interest rates, lumber prices, and number of housing starts provided below. Once you have computed your multiple regression formula answer the following questions.
What is the regression formula that you computed?
What would the approximate number of housing starts be at the following interest rates and lumber prices:
9.0% at $1.00 per board foot
8.5% at $1.50 per board foot
5.5% at $1.25 per board foot
4.5% at $0.90 per board foot
3.7% at $1.00 per board foot
2.3% at $0.75 per board foot.
If you were the owner of a business in the housing construction sector how would this information affect your decisions?
If you were the owner of a business in the housing construction sector how would this information affect your decisions?
Deliverable: Word Document
and pdf
