Thursday, June 7, 2012

Ch2 Project

       According to Zillows, my house is now worth $,242,300 as of June 03, 2012. I moved into this house around June, 2008 and it was worth around $484,000. To find the regression equation for the data, i plugged them into a graphing calculator and found that the Quartic Regression best fits the data because the coefficient of determination was the highest (r^2 = 0.7419).
      The Quartic Regression if got from my data is y = 0.4659x^4 - 10.42094x^3 + 63.9653x^2 - 69.3296 + 353.4242.
      My house's value will never reach $100,000 because the minimum value of my house is $275,950 and my prediction can be changed if my neighborhood starts to improve and the prices of nearby houses rise so my house would probably rise along with them.

No comments: