Regression Analysis for House Prices

Research project
1

Table of Contents
TASK 1........................................................................................................................................3
TASK 2........................................................................................................................................4
TASK 3........................................................................................................................................6
TASK 4........................................................................................................................................8
TASK 5........................................................................................................................................9
TASK 6......................................................................................................................................10
TASK 7......................................................................................................................................11
REFERENCES..............................................................................................................................13
2

TASK 1
Land size
Column1
Mean 648.9
Standard Error 17.7227782
Median 639.5
Mode 970
Standard Devia-
tion 177.227782
Sample Variance 31409.6869
Kurtosis -0.7723054
Skewness 0.17931913
Range 646
Minimum 327
Maximum 973
Sum 64890
Count 100
Interpretation – It can be stated that mean of land size is 648.9 and median is 639.5. The SD is
177.2 and range is 646. So, land size of house is 650 m2.
House price
Column2
Mean 863.04
Standard Error 21.35328
Median 841.5
Mode 816
Standard Devia-
tion 213.5328
Sample Variance 45596.26
Kurtosis -0.81716
Skewness 0.196436
Range 789
Minimum 508
3

Maximum 1297
Sum 86304
Count 100
Interpretation- From able it can be analysed that mean value is 863.04 and median is 841.5.
Moreover, the SD is 21.3 and range is 789. Thus, it is said price of house is average is $860
thousand.
TASK 2
Land size
Row Labels
Count of Land size
(m2)
300-399 16
400-499 7
500-599 22
600-699 26
700-799 10
800-899 9
900-1000 10
Grand Total 100
House price
4