Explain the associations in the scatterplot, including the direction, strength, form in the context of your model.
Median Housing Price Model for D. M. Pan National Real Estate Company 2
[ Note: To complete this template, replace the bracketed text with your own content. Remove this note before you submit your outline.]
Report: Housing Price Prediction Model for D. M. Pan National Real Estate Company
[Your Name]
Median Housing Price Prediction Model for D. M. Pan National Real Estate Company 1
Southern New Hampshire University
Introduction
[ Describe the report: Include in this section a brief overview, including the purpose of the report and your approach.]
Data Collection
[ Sampling the data: Outline how you obtained your sample data, including the response and predictor variables.]
[ Scatterplot: Insert a correctly labeled scatterplot of your chosen variables.]
Data Analysis
[ Histogram: Insert the histogram of the two variables. Be sure to include appropriate labels.]
[ Summary statistics: Insert a table to show the summary statistics.]
[ Interpret the graphs and statistics: 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.]
The Regression Model
[ Scatterplot: 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.]
[ Discuss associations: Explain the associations in the scatterplot, including the direction, strength, form in the context of your model.]
[ Find r: Calculate the correlation coefficient and explain how it aligns with your interpretation of the data from the scatterplot.]
The Line of Best Fit
[ Regression equation: Insert the regression equation.]
[ Interpret regression equation: Interpret the slope and intercept in context.]
[ Strength of the equation: Interpret the strength of the regression equation, R-squared.]
[ Use regression equation to make predictions: Use the regression equation to make a sample prediction.]
Conclusions
[ Summarize findings: Summarize your findings in clear and concise plain language. Outline any questions arising from the study that might be interesting for follow-up research.]