{"id":101626,"date":"2022-10-27T22:23:04","date_gmt":"2022-10-27T22:23:04","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/wk-5-apply-regression-modeling-dat-565-university-of-phoenix\/"},"modified":"2022-10-27T22:23:04","modified_gmt":"2022-10-27T22:23:04","slug":"wk-5-apply-regression-modeling-dat-565-university-of-phoenix","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/wk-5-apply-regression-modeling-dat-565-university-of-phoenix\/","title":{"rendered":"Wk 5 &#8211; apply: regression modeling | DAT\/565 | University of Phoenix"},"content":{"rendered":"<div>\n<p>\u00a0<\/p>\n<p><strong>Purpose\u00a0<\/strong><\/p>\n<p>This assignment provides an opportunity to develop, evaluate, and apply bivariate and multivariate linear regression models.<\/p>\n<p><strong>Resources:\u00a0<\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/myresource.phoenix.edu\/secure\/resource\/\/DAT565v3\/DAT565_v3_Wk5_Data_File.xlsx\"><u>Microsoft Excel\u00ae, DAT565_v3_Wk5_Data_File<\/u><\/a><\/p>\n<p><strong>Instructions:\u00a0<\/strong><\/p>\n<p>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:<\/p>\n<ul>\n<li><em>FloorArea<\/em>: square feet of floor space<\/li>\n<li><em>Offices<\/em>: number of offices in the building<\/li>\n<li><em>Entrances<\/em>: number of customer entrances<\/li>\n<li><em>Age<\/em>: age of the building (years)<\/li>\n<li><em>AssessedValue<\/em>: tax assessment value (thousands of dollars)<\/li>\n<\/ul>\n<p><strong>Use<\/strong> the data to construct a model that predicts the tax assessment value assigned to medical office buildings with specific characteristics.<\/p>\n<ul>\n<li>Construct a scatter plot in Excel with <em>FloorArea<\/em> as the independent variable and <em>AssessmentValue<\/em> as the dependent variable. Insert the bivariate linear regression equation and r^2 in your graph. Do you observe a linear relationship between the 2 variables?<\/li>\n<li>Use Excel\u2019s Analysis ToolPak to conduct a regression analysis of <em>FloorArea<\/em> and <em>AssessmentValue<\/em>. Is<em> FloorArea<\/em> a significant predictor of <em>AssessmentValue<\/em>?<\/li>\n<li>Construct a scatter plot in Excel with <em>Age<\/em> as the independent variable and <em>AssessmentValue<\/em> as the dependent variable. Insert the bivariate linear regression equation and r^2 in your graph. Do you observe a linear relationship between the 2 variables?<\/li>\n<li>Use Excel\u2019s Analysis ToolPak to conduct a regression analysis of Age and Assessment Value. Is <em>Age<\/em> a significant predictor of <em>AssessmentValue<\/em>?<\/li>\n<\/ul>\n<p><strong>Construct <\/strong>a multiple regression model.<\/p>\n<ul>\n<li>Use Excel\u2019s Analysis ToolPak to conduct a regression analysis with <em>AssessmentValue <\/em>as the dependent variable and <em>FloorArea<\/em>, <em>Offices<\/em>, <em>Entrances<\/em>, and <em>Age<\/em> as independent variables. What is the overall fit r^2? What is the adjusted r^2?<\/li>\n<li>Which predictors are considered significant if we work with \u03b1=0.05? Which predictors can be eliminated?<\/li>\n<li>What is the final model if we only use <em>FloorArea<\/em> and Offices as predictors?<\/li>\n<li>Suppose our final model is:<\/li>\n<li><em>AssessedValue<\/em> = 115.9 + 0.26 x <em>FloorArea<\/em> + 78.34 x <em>Offices<\/em><\/li>\n<li>What wouldbe 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?<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Purpose\u00a0 This assignment provides an opportunity to develop, evaluate, and apply bivariate and multivariate linear regression models. Resources:\u00a0Microsoft Excel\u00ae, DAT565_v3_Wk5_Data_File Instructions:\u00a0 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-101626","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/101626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=101626"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/101626\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=101626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=101626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=101626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}