A case study on determination of house selling price model using multiple regression

Zainodin Hj. Jubok, and G. Khuneswari, (2009) A case study on determination of house selling price model using multiple regression. Malaysian Journal of Mathematical Sciences, 3 (1). pp. 27-44. ISSN 1823-8343

[img]
Preview
Text
A_case_study_on_determination_of_house_selling_price_model_using_multiple_regression.pdf

Download (44kB) | Preview

Abstract

This research illustrated the procedure in selecting the best model in determining the selling price of house using multiple regression for the date set which was collected in Oxford, Ohio, in 1988. The five independent variables considered in this data set are: floor area (square feet), number of rooms, age of house (years), number of bedrooms and number of bathrooms. The multiple regression models were involved up to the fourth-order interaction and there were 80 possible models considered. To enhance the understanding of the whole concept in this work, multiple regression with eight selection criteria (8SC) had been explored and presented. In this work the process of getting the best model from the selected models had been illustrated. The progressive elimination of variables with the highest p-value (individual test) was employed to get the selected model. In conclusion the best model obtained in determining the house selling price was M73.15 (ie. 73rd model).

Item Type: Article
Uncontrolled Keywords: Eight selection criteria (8SC), Fourth-order interaction variables, Multiple regression, Progressive elimination of variables
Subjects: ?? QA273-280 ??
Divisions: SCHOOL > School of Science and Technology
Depositing User: Unnamed user with email storage.bpmlib@ums.edu.my
Date Deposited: 30 Mar 2011 04:31
Last Modified: 13 Oct 2017 03:23
URI: http://eprints.ums.edu.my/id/eprint/2602

Actions (login required)

View Item View Item

Browse Repository
Collection
   Articles
   Book
   Speeches
   Thesis
   UMS News
Search
Quick Search

   Latest Repository

Link to other Malaysia University Institutional Repository

Malaysia University Institutional Repository