### Study on Home Purchase Size and Influencing FactorsA real estate developer aims to examine the relationship between the size of a home a client purchases (measured in square feet) and various factors. Potential independent variables considered include family income, family size, the presence of a senior adult parent in the family (coded as 1 for yes and 0 for no), and the total years of education beyond high school of the husband and wife. Below is the sample dataset:| Family | Square Feet | Income (000s) | Family Size | Senior Parent | Education ||--------|-------------|---------------|-------------|---------------|-----------|| 1 | 2,200 | 60.8 | 2 | 0 | 4 || 2 | 2,300 | 68.4 | 3 | 1 | 6 || 3 | 3,400 | 104.5 | 3 | 0 | 7 || 4 | 3,360 | 89.3 | 4 | 1 | 0 || 5 | 3,000 | 72.2 | 4 | 0 | 2 || 6 | 2,900 | 114 | 3 | 1 | 10 || 7 | 4,100 | 125.4 | 6 | 0 | 6 || 8 | 2,520 | 83.6 | 3 | 0 | 8 || 9 | 4,200 | 133 | 5 | 0 | 2 || 10 | 2,800 | 95 | 3 | 0 | 6 |[Click here for the Excel Data File](#)**Task:**Develop a suitable multiple regression equation using stepwise regression. Start by entering the number of family members first, followed by their income, and remove any variables deemed insignificant. Ensure no cells are left blank; enter "0" wherever needed. Present values for $ R $ and $ R^2 $ (adjusted) in percentage format, rounded to three decimal **b. Select all independent variables that should be in the final model.***(You may select more than one answer. Single-click the box with the question mark to produce a check mark for a correct answer and double-click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)*- [?] Senior parent- [✔] Square feet- [✔] Family size- [✔] Income- [ ] Education**c. Write out the regression equation.**\[ \text{Square feet} = \_\_\_\_\_\_\_ + \_\_\_\_\_\_\_ \times (\text{Family Size}) + \_\_\_\_\_\_\_ \times (\text{Income}) \]**d. Report and interpret the adjusted $ R^2 $.**\[ R^2 = \_\_\_\_\_\_\_ \% \]

Regression are used to predict the values based on the another. It has two variables, they are…

Answered: A real estate developer wishes to study…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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