The following data give the selling price, square footage, number of bedrooms, and age of houses that have sold in a neighborhood in the last 6 months. Develop three regression models to predict the selling price based upon each of the other factors individually. Which of these is best?
|
Selling Price
|
Sq. Footage
|
Bedrooms
|
Age
|
|
64000
|
1670
|
2
|
30
|
|
59000
|
1339
|
2
|
25
|
|
61500
|
1712
|
3
|
30
|
|
79000
|
1840
|
3
|
40
|
|
87500
|
2300
|
3
|
18
|
|
92500
|
2234
|
3
|
30
|
|
95000
|
2311
|
3
|
19
|
|
113000
|
2377
|
3
|
7
|
|
115000
|
2736
|
4
|
10
|
|
138000
|
2500
|
3
|
1
|
|
142500
|
2500
|
4
|
3
|
|
144000
|
2479
|
3
|
3
|
|
145000
|
2400
|
3
|
1
|
|
147500
|
3124
|
4
|
0
|
|
144000
|
2500
|
3
|
2
|
|
155500
|
4062
|
4
|
10
|
|
165000
|
2854
|
3
|
3
|