14.79 You are a real estate broker who wants to compare prop- erty values in Glen Cove and Roslyn (which are located app

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14 79 You Are A Real Estate Broker Who Wants To Compare Prop Erty Values In Glen Cove And Roslyn Which Are Located App 1 (108.7 KiB) Viewed 38 times

14.79 You are a real estate broker who wants to compare prop- erty values in Glen Cove and Roslyn (which are located approxi- mately 8 miles apart). In order to do so, you will analyze the data in GCRoslyn, a file that includes samples of houses from Glen Cove and Roslyn. Making sure to include the dummy variable for location (Glen Cove or Roslyn), develop a regression model to predict fair market value, based on the land area of a property, the age of a house, and location. Be sure to determine whether any interaction terms need to be included in the model.

Location Glen Cove Glen Cove Glen Cove I Love Glen Cove cove Glen Cove Dien cove Glen Cove Glen Cove Glen Cove Glen Cove Glen Cove Glen Cove t t Glen Cove Glen Cove t t Glen Cove t Glen Cove t Glen Cove t Glen Cove t Glen Cove t Glen Cove t Glen Cove F Glen Cove F Glen Cove F Glen Cove F Glen Cove t Glen Cove Fo Glen Cove cove Glen Cove Glen Cove Glen Cove Glen Cove Roslyn peacy Roslyn P Roslyn Dockin Roslyn nati Roslyn peacy Roslyn pracy Roslyn peacy Roslyn pracy Roslyn peacy Roslyn pracy Roslyn peacy Roslyn pracy Roslyn peacy Roslyn pracy Roslyn peacy Roslyn pracy Roslyn peacy Roslyn nati Roslyn Rockin Roslyn Rockin Roslyn Rockin Roslyn Roslyn mostym Roslyn pracy Roslyn pracy Roslyn Roslyn Roslyn Roslyn Roslyn Mkt Value 522.9 425.0 539.2 293 628.2 DEUTE 490.4 sport 487.7 sort 370.3 arere 777.9 www STILL 347.1 756.8 www 389.0 www 889.0 www 452,2 412.4 338.3 330:3 334.3 Danie 437.4 sare 644.0 **** 387.8 **** 399.8 === 356.4 www 346.9 www 541.8 1 388.0 www 564.0 Done 454.4 say 417.3 210 0 318.8 F10 2 519.8 CO7 A 697.4 2010 681.8 5310 523.9 401 2 491.2 740 2 740.3 225 E 335.5 www. 407.4 200 392.8 474 3 474.2 Far 535.7 400 4 480.4 Land 0.2297 0.2192 0.1630 0.4608 wwwwww 0.2549 ***** 0.2290 Dow 041 2 941.8 0.1808 www 633.0 623.8 0.5015 wwwwwww 0.2229 210 2 *** 310.2 0.0852 **** 409.6 0.1300 www 1970 0 1879.8 0.1763 Barce 1.3100 wwwwww 0.2520 Beve 0.1148 0.1693 www 0.1714 re 0.3849 www.w 0.6545 wwwwwww 0.1722 re 1116 2 1116.2 *** 506.8 0.1359 0.1435 www 220.0 **** 820.0 0.2427 0.2755 perso 0.1148 0.3636 wwwwwww 0.1474 www 0.2281 www 0.4626 0.1889 01329 0-1403 0.1492 ***** 0.2828 wwwww 0.1148 AZ 0.2169 DATA 0.3761 0454 0.154 CONS 0.2348 ZAME 0.2217 0.175 0.213 14404 ***** 1140.4 0.3372 CAT 0.1377 Arx AAKAS 452.1 0.1503 **** 0.2497 0-1403 0.1492 ***** 0.2348 01140 0.1148 0 1277 0.1377 0.456 0260 O EE62 936.0 0.5563 943 8 843.8 0.2778 700.3 0.2775 were 516.6 ***** 488.0 0.1377 0.com 885.9 0.2116 872.7 0.3535 963.6 0.2348 0.2296 reko 614.3 0.3329 940.7 0.3606 Age 56 61 39 28 56 98 58 17 62 25 64 62 56 22 74 62 54 56 62 88 81 107 55 51 50 92 64 FA 54 ^^ 44 104 104 2104 2194 2025 3032 **** 1970 POZZ 3356 === 2070 **** 2826 *** 1606 PAZA 2063 1303 1392 1420 1120 www 1817 MAS 2496 *** 1615 **** 1788 2430 3130 www. 1423 2000 2990 PODS 2936 **** 1439 FCON 5602 2101 2191 2798 2070 care 2710 1416 EYEU 3244 2493 3335 1968 3136 Location (Dummy) When Creating your Lcoation Dummy variable let Glen Cove = 1 and Roslyn = 0 Don't forget to create your interaction columns.