Math Problem Statement
springhouses.xlsx
9.29 KB
Solution
as pd
Load the Excel file to check its contents
file_path = '/mnt/data/173326182765401bbelfd.xlsx' excel_data = pd.ExcelFile(file_path)
Display sheet names to understand the structure
excel_data data from the "Data" sheet to inspect its structure data = excel_data.parse('Data')
Display the first few rows of the datasetThe dataset contains the following columns:
- Selling Price: The price at which the property was sold.
- Baths: Number of bathrooms.
- Sq Ft: Square footage of the property.
- Bedrooms: Number of bedrooms.
Let me proceed to calculate the required regression models and predictions based on the provided questions..linear_model import LinearRegression import numpy as np
Prepare the data for regression analysis
X_full = data[['Baths', 'Sq Ft', 'Bedrooms']] y = data['Selling Price']
Perform regression with all three independent variables
model_full = LinearRegression() model_full.fit(X_full, y)
Coefficients for the full model
coefficients_full = model_full.coef_ intercept_full = model_full.intercept_
Prepare the data for the reduced regression (Sq Ft and Bedrooms only)
X_reduced = data[['Sq Ft', 'Bedrooms']]
Perform regression with reduced variables
model_reduced = LinearRegression() model_reduced.fit(X_reduced, y)
Coefficients for the reduced model
coefficients_reduced = model_reduced.coef_ intercept_reduced = model_reduced.intercept_
Predict the selling price for a house with 4 bedrooms and 2650 square feet
house_features = np.array([[2650, 4]]) # [Sq Ft, Bedrooms] predicted_price = model_reduced.predict(house_features)
coefficients_full, intercept_full, coefficients_reduced,Here are the results for the regression models and prediction:
Full Regression Model (using Baths, Sq Ft, and Bedrooms):
- Coefficients:
- Baths: -1386.21
- Sq Ft: 60.28
- Bedrooms: 54797.08
- Intercept: -5531.01
Reduced Regression Model (using Sq Ft and Bedrooms only):
- Coefficients:
- Sq Ft: 59.73
- Bedrooms: 54309.21
- Intercept: -5882.76
Predicted Selling Price:
For a house with 4 bedrooms and 2650 square feet, the predicted selling price (using the reduced model) is $369,647.
Would you like a detailed breakdown of the calculations or insights into the model? Here are five follow-up questions you might consider:
- How do we interpret the coefficients of the regression models?
- Why does removing one variable (Baths) improve or simplify the model?
- What is the goodness-of-fit (R²) for both models?
- Can we visualize the relationships between these variables and Selling Price?
- Are there any significant interaction effects between the independent variables?
Tip: In regression analysis, always verify the model's assumptions (linearity, independence, etc.) to ensure reliable predictions.
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Math Problem Analysis
Mathematical Concepts
Linear Regression
Predictive Modeling
Formulas
Selling Price = Intercept + (Baths Coefficient * Baths) + (Sq Ft Coefficient * Sq Ft) + (Bedrooms Coefficient * Bedrooms)
Selling Price = Intercept + (Sq Ft Coefficient * Sq Ft) + (Bedrooms Coefficient * Bedrooms)
Theorems
Least Squares Method
Suitable Grade Level
Undergraduate
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