(Solved) Consider the house price data in Table B.4. Fit a multiple regression model relating selling price to all nine regressors. Test for significance
Question: Consider the house price data in Table B.4.
- Fit a multiple regression model relating selling price to all nine regressors.
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Test for significance of regression. What conclusions can you draw?
Discuss your findings. - Use t-tests to assess the contribution of each regression to the model.
- What is the contribution of lot size and living space to the model given that all of the other regressors are included?
- Is multicollinearity a potential problem in this model?
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