# Harvard Business School Floor Area vs Assessed Value Regression Worksheet

Use the data to construct a model that predicts the tax assessment value assigned to medical office buildings with specific characteristics.

Construct a scatter plot in Excel with FloorArea as the independent variable and AssessmentValue 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?

Don't use plagiarized sources. Get Your Custom Essay on
Harvard Business School Floor Area vs Assessed Value Regression Worksheet
Just from \$13/Page

Use Excel’s Analysis ToolPak to conduct a regression analysis ofFloorArea and AssessmentValue. Is FloorArea a significant predictor of AssessmentValue?

Construct a scatter plot in Excel with Ageas the independent variable and AssessmentValueas 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?

• Use Excel’s Analysis ToolPak to conduct a regression analysis of Age and Assessment Value. Is Age a significant predictor of AssessmentValue?
• In addition, Constructa multiple regression model.

Use Excel’s Analysis ToolPak to conduct a regression analysis with AssessmentValue as the dependent variable and FloorArea, Offices, Entrances, and Age as independent variables. What is the overall fit r^2? What is the adjusted r^2?

• Which predictors are considered significant if we work with ?=0.05? Which predictors can be eliminated?
• What is the final model if we only use FloorArea and Offices as predictors?

Suppose our final model is:

AssessedValue = 115.9 + 0.26 x FloorArea+ 78.34 x Offices

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?

FloorArea (Sq.Ft.)
4790
4720
5940
5720
3660
5000
2990
2610
5650
3570
2930
1280
4880
1620
1820
4530
2570
4690
1280
4100
3530
3660
1110
2670
1100
5810
2560
2340
3690
3580
3610
3960
Offices
4
3
4
4
3
4
2
2
4
2
3
2
3
1
2
2
2
2
1
3
2
2
1
2
1
4
2
3
2
3
2
3
Entrances
2
2
2
2
2
2
1
1
2
1
2
1
2
2
1
2
1
2
1
1
2
2
2
2
1
3
2
1
2
2
1
2
Age
8
12
2
34
38
31
19
48
42
4
15
31
42
35
17
5
13
45
45
27
41
33
50
39
20
17
24
5
15
27
8
17
AssessedValue (\$’000)
1796
1544
2094
1968
1567
1878
949
910
1774
1187
1113
671
1678
710
678
1585
842
1539
433
1268
1251
1094
638
999
653
1914
772
890
1282
1264
1162
1447

Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

## Calculate the price of your order

Total price:
\$0.00

How it works?

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

## Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.