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Regression Case

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Submitted By prabna1
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REYEM AFFAIR

Regression Case
Quantitative Methods II

To
-------------------------------------------------
Prof. Arnab Basu
On
October 21, 2011

By
GROUP NO. 5

Bharati vishal (11110) akshay ram (11110) dhanashree vinayak shirodkar (11110) amol devnath kumbhare (11110) ajusal sugathan (11110) arun prabu (11110) ghule nilesh vishnu (11110) mudavath swetha (11110)
Raja Simon J (1111052) sagar behera (11110) shreya sethi (11110) swati murarka (11110)

Indian Institute Of Management, Bangalore

Table of Contents

S.No | Particulars | Pages | 1. | Executive Summary | 3-4 | 2. | Understanding of the Problem | 4 | 3. | Model Description | 5-13 | | Model 1Prediction interval Vs Confidence IntervalStep wise Regression: A closer lookTest of Model: Analysis of Results | 5-8 | | | 6 | | | 7 | | | 8 | | Model 2Test of Model: Analysis of Results | 9-13 | | | 11-13 | | Other Models | 13 | 4. | Conclusions and Recommendations | 14 | 5. | Appendix 1. Variables Entered/Removed 2. Model Summary 3. ANOVA 4. Coefficients 5. Residual Statistics | 15 |

Executive Summary
Reyem Affiar has recently found the below described condominium in Mid-Cambridge that he wants to purchase.
Street Address : 236 Ellery Street
Last Price : $169000
Area & Area Code : M/9
Bed : 2
Bath : 1
Rooms : 5
Interior : 1040
Condo : $175
Tax : $1121
RC : 1(Restrictions on monthly rent that owner may charge)
Even though Affiar is monetarily capable of paying the asking price of $169000, generally negotiations from buyer’s agent keeps the selling price lower than the last asking price. Given the above information, based on the data that Reyem Affiar has on condominiums sold in Cambridge the past five years, we need to help Reyem Affiar to decide on a

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