Problems 473 results from parts (a), (b), and (c). What model seems most plausible? How do the da...
Problems 473 results from parts (a), (b), and (c). What model seems most plausible? How do the data limit your conclusions? tle the data from Freund (1979), presented in Problem 22 in Chapter 14. Taking be model discussed there as the maximum model, repeat parts (a) through (h) of Problem 6. In part (h), note the possible role of collinearity. A random sample of data was collected on residential sales in a large city. The accompanying table shows the selling price (Y, in $1.000s), area (X, in hundreds of square 8. feet), number of bedrooms (X), total number of rooms (X), house age . in years), and location (Z-0 for in-town and inner suburbs, Z- 1 for outer (X suburbs) In parts (a) through (e), use variables X, .X, X, X, and Z as the predictor variables. Use the accompanying computer output to answer parts (a)-(d). a. Use the all possible regressions procedure to suggest a best model. b. Use the stepwise regression algorithm to suggest a best model. c. Use the backward-elimination algorithm to suggest a best model. d. Which of the models selected in parts (a), (b), and (c) seems to be the best model, and why? House x, x, 19.0 10.0 15 12 83.1 85.2 12.0 15.0 12.0 12 85.2 85.2 84.3 84.3 77.4 12.5 12.5 12.0 12 13 14 15 16 17 17.9 9.5 88.5 8.0 81.6 86.7 89.7 21 16.8 15 78.9 16.5 15.1 91.0 16.5 90.9 91.9