13 Jun CREATE A MODEL THAT PREDICTS HOME PRICES
A real estate broker in Chattanooga has asked you to create a model that predicts home prices (closePrice in the attached file). They have provided home sale data from the fall of 2017 for you to use in your analysis. The data was manually entered by the listing agent that sold the home, so there is not a guarantee that the data is 100% clean. As the brokerage focuses on middle-class, single-family homes. The data they have provided you is limited to those transactions.
Identify the single best independent variable for the closePrice variable. Then create a model using simple linear regression that the brokerage can use to help them price new listings.
Create an MS Excel file that shows how the independent variable was selected, the regression model, and an analysis of the model’s residuals. Next, write a report to the brokerage that discusses the creation of the model, its inherent error, and how the brokerage could use the model.
(Please use same grading rubric that I attached in last project)
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