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5. Apply: Regression
This assignment provides an opportunity to develop, evaluate, and apply bivariate and multivariate linear regression models.
Resources: Microsoft Excel®, DAT565_v3_Wk5_Data_File (Attached)
The Excel file for this assignment contains a database with information about the tax assessment value assigned to medical office buildings in a city. The following is a list of the variables in the database:
Use the data to construct a model that predicts the tax assessment value assigned to medical office buildings with specific characteristics.
Construct a multiple regression model.
What would be the assessed value of a medical office building with a floor area of 3500 sq. ft., 2 offices, that was built 15 years ago? Is this assessed value consistent with what appears in the database?
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