Median Housing Price Model for D. M. Pan National Real Estate Company 2
[Â Note:Â To complete this template, replace the bracketed text with your own content. Remove this note before you submit your outline.]
Median Housing Price Prediction Model for D. M. Pan National Real Estate Company 1
Southern New Hampshire University
[Â Describe the report:Â Include in this section a brief overview, including the purpose of the report and your approach.]
[Â Sampling the data:Â Outline how you obtained your sample data, including the response and predictor variables.]
[Â Scatterplot:Â Insert a correctly labeled scatterplot of your chosen variables.]
[Â Histogram:Â Insert the histogram of the two variables. Be sure to include appropriate labels.]
[Â Summary statistics:Â Insert a table to show the summary statistics.]
[Â Interpret the graphs and statistics:Â Describe the shape, center, spread, and any unusual characteristic (outliers, gaps, etc.) and what they mean based on your sample data and the graphs you created.]
[Explain how these characteristics of the sample data compare to the same characteristics of the national population. Also, determine whether your sample is representative of the national housing market sales.]
[Â Scatterplot:Â Include the scatterplot graph of the sample with a line of best fit and the regression equation.]
[Based on your graph, explain whether a regression model can be developed for the data and how.]
[Â Discuss associations:Â Explain the associations in the scatterplot, including the direction, strength, form in the context of your model.]
[Â FindÂ r:Â Calculate the correlation coefficient and explain how it aligns with your interpretation of the data from the scatterplot.]
[Â Regression equation:Â Insert the regression equation.]
[Â Interpret regression equation:Â Interpret the slope and intercept in context.]
[Â Strength of the equation:Â Interpret the strength of the regression equation,Â R-squared.]
[Â Use regression equation to make predictions:Â Use the regression equation to make a sample prediction.]
[Â Summarize findings:Â Summarize your findings in clear and concise plain language. Outline any questions arising from the study that might be interesting for follow-up research.]
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