Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Receive the final file
Competencies In this project, you will demonstrate your mastery of the following
Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans to full dissertations, you can guarantee we have a service perfectly matched to your needs.
Competencies In this project, you will demonstrate your mastery of the following competencies: Apply statistical techniques to address research problems Perform regression analysis to address an authentic problem 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 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 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 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 Describe the report: Give a brief description of the purpose of your report. Define the question your report is trying to answer. Explain when using linear regression is most appropriate. When using linear regression, what would you expect the scatterplot to look like? Explain the difference between response and predictor variables in a linear regression to justify the selection of variables. Data Collection Sampling the data: Select a random sample of 50 houses. Identify your response and predictor variables. Scatterplot: Create a scatterplot of your response and predictor variables to ensure they are appropriate for developing a linear model. Data Analysis Histogram: For your two variables, create histograms. Summary statistics: For your two variables, create a table to show the mean, median, and standard deviation. Interpret the graphs and statistics: Based on your graphs and sample statistics, interpret the center, spread, shape, and any unusual characteristic (outliers, gaps, etc.) for the two variables. 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 Scatterplot: Provide a graph of the scatterplot of the data with a line of best fit. Explain if a regression model is appropriate to develop based on your scatterplot. Discuss associations: Based on the scatterplot, discuss the association (direction, strength, form) in the context of your model. Identify any possible outliers or influential points and discuss their effect on the correlation. Discuss keeping or removing outlier data points and what impact your decision would have on your model. Find r: Find the correlation coefficient (r). 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. Regression equation: Write the regression equation (i.e., line of best fit) and clearly define your variables. Interpret regression equation: Interpret the slope and intercept in context. Strength of the equation: Provide and interpret R-squared. Determine the strength of the linear regression equation you developed. 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 Summarize findings: In one paragraph, summarize your findings in clear and concise plain language for the CEO to understand. Summarize your results. Did you see the results you expected, or was anything different from your expectations or experiences? What changes could support different results, or help to solve a different problem? Provide at least one question that would be interesting for follow-up research. What to Submit To complete this project, you must submit the following: Project One Template: Use this template to structure your report, and submit the finished version as a Word document. Supporting Materials The following resources may help support your work on the project: Document: National Statistics and Graphs Use this data for input in your project report. Spreadsheet: Real Estate Data Use this data for input in your project report. Tutorial: Downloading Office 365 Programs Use this tutorial for support with Office 365 programs.
What Will You Get?
Get result-oriented writing and never worry about grades anymore. We follow the highest quality standards to make sure that you get perfect assignments.
Our writers have experience in dealing with papers of every educational level. You can surely rely on the expertise of our qualified professionals.
Your deadline is our threshold for success and we take it very seriously. We make sure you receive your papers before your predefined time.
24/7 Customer Support
Someone from our customer support team is always here to respond to your questions. So, hit us up if you have got any ambiguity or concern.
Sit back and relax while we help you out with writing your papers. We have an ultimate policy for keeping your personal and order-related details a secret.
Still reluctant about placing an order? Our 100% Moneyback Guarantee backs you up on rare occasions where you aren’t satisfied with the writing.
Expository essay of mine is well combined with the pre-made book review. Many thanks for your fast support and quick assistance with the writing.
I needed a research summary to be rewritten according to the stylistic rules used in this college. Everything was done as I asked, I enjoyed the discount and will order again. Didn’t communicate with the writer.
Thanks Elite Academic Essays for helping me sell myself in the best possible way! You’ve done a magnificent job of tying all the pieces of my school application together and creating a holistic image of who I am and what I’ve done in a very bold and captivating manner. Marvelous!