Prediction of Home Selling Prices Aurora, CO By: Danyelle Canning Data gathered from zillow.com.

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Presentation transcript:

Prediction of Home Selling Prices Aurora, CO By: Danyelle Canning Data gathered from zillow.com

Homes sold between January 1, 2014 to November 21, 2014

Regression Analysis

Model Indicates  Total square footage is a direct correlation between the selling price of homes in the Mission Viejo area of Aurora, Colorado  The number of bathrooms contribute to the selling price of the homes in the Mission Viejo area of Aurora, Colorado  The number of bedrooms has very little impact on the selling price in the Mission Viejo area of Aurora, Colorado

Significance and Residuals  R Squared is.614 which indicates that the total square footage and number of bathrooms are good indicators of how much homes will sale for in the Mission Viejo area of Aurora, Colorado  F-Statistic is which because it is large enough to proves the overall significance of the regression model.  T-Statistic is which if far enough away from zero to support the usefulness of the data in the regression model.  P-Value is E-32 which is extremely small which further supports the significance of the data in the regression model.

Forecast of future selling prices 95% Confidence homes with 1200sqft to 3000sqft ≤ 1200 ≤ ≤ 1800 ≤ ≤ 2400 ≤ ≤ 3000 ≤