Need help? We are here

I need the below project completed.    Overview The purpose of this project

I need the below project completed.

Overview

The purpose of this project is to have you complete all of the steps of a real-world linear regression research project starting with developing a research question, then completing a comprehensive statistical analysis, and ending with summarizing your research conclusions.

Scenario

You have been hired by the D. M. Pan National Real Estate Company to develop a model to predict median housing prices for homes sold in 2019. The CEO of D. M. Pan wants to use this information to help their real estate agents better determine the use of square footage as a benchmark for listing prices on homes. Your task is to provide a report predicting the median housing prices based square footage. To complete this task, use the provided real estate data set for all U.S. home sales as well as national descriptive statistics and graphs provided.

Directions

Using the Project One Template located in the What to Submit section, generate a report including your tables and graphs to determine if the square footage of a house is a good indicator for what the listing price should be. Reference the National Statistics and Graphs document for national comparisons and the Real Estate County Data spreadsheet (both found in the Supporting Materials section) for your statistical analysis.

Note: Present your data in a clearly labeled table and using clearly labeled graphs.

Specifically, include the following in your report:

Introduction

1. Describe the report: Give a brief description of the purpose of your report.
1. Define the question your report is trying to answer.
2. Explain when using linear regression is most appropriate.
1. When using linear regression, what would you expect the scatterplot to look like?
3. Explain the difference between response and predictor variables in a linear regression to justify the selection of variables.

Data Collection

1. Sampling the data: Select a random sample of 50 counties.
1. Identify your response and predictor variables.
2. Scatterplot: Create a scatterplot of your response and predictor variables to ensure they are appropriate for developing a linear model.

Data Analysis

1. Histogram: For your two variables, create histograms.
2. Summary statistics: For your two variables, create a table to show the mean, median, and standard deviation.
3. Interpret the graphs and statistics:
1. Based on your graphs and sample statistics, interpret the center, spread, shape, and any unusual characteristic (outliers, gaps, etc.) for the two variables.
2. Compare and contrast the shape, center, spread, and any unusual characteristic for your sample of house sales with the national population. Is your sample representative of national housing market sales?

Develop Your Regression Model

1. Scatterplot: Provide a graph of the scatterplot of the data with a line of best fit.
1. Explain if a regression model is appropriate to develop based on your scatterplot.
2. Discuss associations: Based on the scatterplot, discuss the association (direction, strength, form) in the context of your model.
1. Identify any possible outliers or influential points and discuss their effect on the correlation.
2. Discuss keeping or removing outlier data points and what impact your decision would have on your model.
3. Find r: Find the correlation coefficient (r).
1. Explain how the r value you calculated supports what you noticed in your scatterplot.

Determine the Line of Best Fit. Clearly define your variables. Find and interpret the regression equation. Assess the strength of the model.

1. Regression equation: Write the regression equation (i.e., line of best fit) and clearly define your variables.
2. Interpret regression equation: Interpret the slope and intercept in context.
3. Strength of the equation: Provide and interpret R-squared.
1. Determine the strength of the linear regression equation you developed.
4. Use regression equation to make predictions: Use your regression equation to predict how much you should list your home for based on the square footage of your home.

Conclusions

1. Summarize findings: In one paragraph, summarize your findings in clear and concise plain language for the CEO to understand. Summarize your results.
1. Did you see the results you expected, or was anything different from your expectations or experiences?
1. What changes could support different results, or help to solve a different problem?
2. Provide at least one question that would be interesting for follow-up research.

Table of Contents

Calculate your order
Pages (275 words)
Standard price: \$0.00

Latest Reviews

Impressed with the sample above? Wait there is more

Related Questions

How should state and local taxes impact the results of

How should state and local taxes impact the results of the major strategic decisions faced by the three ventures as they start up the business?

Write Python codes to do: 1 Ask the user to enter the: NAME A B C D E F G

Write Python code(s) to do:1- Ask the user to enter the: NAME (A, B, C, D, E, F, G, H, I, J), AGE, GPA (out

In this assignment, students will learn to take a broad

In this assignment, students will learn to take a broad view of the plurality of access controls necessary within the subject environment. These may

User Interface Design Document Design a multiplatform application that has a desktop web and mobile interface for a property

User Interface Design DocumentDesign a multi-platform application that has a desktop, web and mobile interface for a property rental company, called UMUC Property Rentals.The full

ENG 101 Reading Response Due 10/10 After carefully reading the

ENG 101 Reading Response Due 10/10 After carefully reading the narrative “Se Habla Espanol” (693-696) by Tanya Maria Barrientos in our Norton Field Guide textbook:

Your submissions should be a 6- page paper. Do not

Your submissions should be a 6- page paper.  Do not include the cover page and reference page in your count . Follow the APA guidelines. Your report needs

Sniffing Glue.

This assignment will give you the opportunity to choose a case study, and then write about the ethical implications and the impact of the events

1. Fully discuss the classical school of criminology. Include the

1.  Fully discuss the classical school of criminology. Include the following points: the major contributors, the assumptions about society, crime, and punishment. 2.  What

For this assignment you will complete a 2 to 3page Evidence Based Practice EBP report based on a case study.

For this assignment, you will complete a 2- to 3-page Evidence Based Practice (EBP) report based on a case study. From the Institute for Healthcare

Locate information on Guy Thompson and the United Way of

Locate information on Guy Thompson and the United Way of Santa Rosa County.   What happened (facts of the case)? Who was involved (the stakeholders)? What

nformative Speech Evaluation Checklist Informative Speech SelfEvaluation Form Students please note that this is the criteria the instructor uses to

nformative Speech Evaluation ChecklistInformative Speech Self-Evaluation FormStudents, please note that this is the criteria the instructor uses to grade your informative speech. Importantly, these are

New questions

Use the following steps to apply quality improvement Nursing Assignment Help

Use the following steps to apply quality improvement principles in your current clinical situation. Identify a process or procedure that you perform routinely and wish

Please respond to a minimum of two (2) peers. Consider the Nursing Assignment Help

Please respond to a minimum of two (2) peers. Consider the following when replying; What are some positive or negative aspects of the model of

Negligence and malpractice continue to be major causes of Nursing Assignment Help

Negligence and malpractice continue to be major causes of action brought against nursing staff members and are often the result of not adhering to quality

In this paper, the student will provide a detailed Nursing Assignment Help

In this paper, the student will provide a detailed description of the relationship between the category from the NCLEX-RN examination blueprint, the priority concept (Health