Summary of Regression Models
Added on - 03 Jan 2021
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TABLE OF CONTENTSASSESSMENT................................................................................................................................32...................................................................................................................................................3a....................................................................................................................................................3b...................................................................................................................................................3c....................................................................................................................................................5d...................................................................................................................................................53...................................................................................................................................................64.................................................................................................................................................10Estimations for renovation cost and selling prices on the basis of regression equation............115.................................................................................................................................................126.................................................................................................................................................13TASK 2..........................................................................................................................................13Summary of relevant data set....................................................................................................13Details of data source.................................................................................................................13Sampling technique used for obtaining data set........................................................................13Graphical presentation...............................................................................................................13Analysis.....................................................................................................................................15Principles of statistical standards...............................................................................................15Results........................................................................................................................................15Recommendations......................................................................................................................15
ASSESSMENT2.a.Computation of correlationParticularsFiguresCorrelation between renovation cost andselling prices of estimates.68Correlation between renovation cost andselling prices of estimates.71b.Hypothesis:Null hypothesis (H0): There is no statistical significant correlation between renovation cost andselling price of houses.Alternative hypothesis (H1):There is a statistical significant correlation between renovation costand selling price of houses.Regression analysis: EstimatesSUMMARYOUTPUTRegression StatisticsMultipleR0.680978R Square0.463731AdjustedR Square0.441386StandardError216593.2Observations26ANOVA
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