I need the below project completed.  OverviewThe 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

Professional Memorandum

Description DISCIPLINARY ASSIGNMENT PART 1 INSTRUCTIONS Instructions: Since 1963, a series of United States Supreme Court case decisions have clarified that in criminal cases, prosecutors

Copy and paste the following CDC website link into a

Premium Paper Help is a professional writing service that provides original papers. Our products include academic papers of varying complexity and other personalized services, along

Directions and Instructions: Please read the article and learning material

Directions and Instructions: Please read the article and learning material about my friends and briefly respond to the listed questions. There are no APA requirements;

Requesting assistance with literature review. Please address each section of

Requesting assistance with literature review. Please address each section of the outline in 1-2 sentences:  sentence outline format, with the identification of major points/themes and support

Assignment: Academic Success and Professional Development Plan Part 5: Professional

Assignment: Academic Success and Professional Development Plan Part 5: Professional Development In this Module’s Discussion, you were introduced to the concept of an academic

Pulmonary Function: D.R. is a 27-year-old man, who presents to

Pulmonary Function:D.R. is a 27-year-old man, who presents to the nurse practitioner at the Family Care Clinic complaining of increasing SOB, wheezing, fatigue, cough,

PART A Please respond to the following: Techniques of inventory

PART A Please respond to the following: Techniques of inventory management include: Economic order quantity. Just in time inventories. Optimum stocking level. Periodic inventory. Perpetual

Review the Resources and identify a clinical issue of interest

Review the Resources and identify a clinical issue of interest that can form the basis of a clinical inquiry. Keep in mind that the clinical issue

Assign DSM-5 and ICD-10 codes to services based upon the

Assign DSM-5 and ICD-10 codes to services based upon the patient case scenario.    Then, in 1–2 pages address the following. You  may add your

Write a 100-word reply to each of the 2 individual

Write a 100-word reply to each of the 2 individual questions below. Use APA 6 formatting and citation standards.  **The primary post(s) are provided as

A description of why a knowledge of statistics is important in careers

you will create a PowerPoint presentation suitable to use for a lecture in an introductory statistics class. You should include the following in your presentation:

Read How to Deliver Feedback to Employees from Different Generations.

Read How to Deliver Feedback to Employees from Different Generations. Then, answer the following questions in a 1-2 page response:  ●  Which type of feedback

New questions