Highlights
Introduction:
Ruler Province could be a province found within the U.S. state of Washington. The population was 2,149,970 in a 2016 census appraise. Lord is the foremost crowded district in Washington, and the 13th-most crowded within the Joined together States. The province situate is Seattle, which is the state’s biggest city. Ruler Province is one of three Washington districts that are included within the Seattle-Tacoma-Bellevue metropolitan statistical area. Approximately two-thirds of Lord County’s populace lives within the city’s rural areas. As of 2011, Ruler Province was the 86th highest-income district within the Joined together States. This paper addresses the components concerning the “house deal prices” in Lord Province sold between May 2014 and May 2015.
Source of the Data:
There are almost 16 variables describing the various aspects essential for a new house. Most of the parameters are numeric in nature while some of them are dichotomous in nature.
Preliminary Data Analysis:
The average price of a house happens to be 540088.1418 which is being estimated with a standard error of 2497.232803. Almost 50% of the houses have their price range as $450000 . The prices of the housing data have a wide range and so the value of skewness and kurtosis is too high. This indicates that the data is skewed with longer tails to the right indicating positive skewness.
Evaluating relationships between Variables:
The scatter plot of the prices and Sqft_living shows 49% of linear relationship between themselves. However, we are interested in knowing if this relationship is really significant. In order to evaluate this let us conduction regression analysis to substantiate the above stated statement.
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