Results: Program 1

Model with Basement Area and Lot Area

The GLM Procedure

The GLM Procedure

Data

Number of Observations

Number of Observations Read 300
Number of Observations Used 300

Model with Basement Area and Lot Area

The GLM Procedure

 

Dependent Variable: SalePrice Sale price in dollars

Analysis of Variance

SalePrice

Overall ANOVA

Source DF Sum of Squares Mean Square F Value Pr > F
Model 2 203220618262 101610309131 137.17 <.0001
Error 297 220002901249 740750509.26    
Corrected Total 299 423223519511      

Fit Statistics

R-Square Coeff Var Root MSE SalePrice Mean
0.480173 19.79041 27216.73 137524.9

Type I Model ANOVA

Source DF Type I SS Mean Square F Value Pr > F
Basement_Area 1 201241844480 201241844480 271.67 <.0001
Lot_Area 1 1978773781.7 1978773781.7 2.67 0.1032

Type III Model ANOVA

Source DF Type III SS Mean Square F Value Pr > F
Basement_Area 1 176055907089 176055907089 237.67 <.0001
Lot_Area 1 1978773781.7 1978773781.7 2.67 0.1032

Solution

Parameter Estimate Standard
Error
t Value Pr > |t|
Intercept 69015.61360 5129.521790 13.45 <.0001
Basement_Area 70.08680 4.546183 15.42 <.0001
Lot_Area 0.80430 0.492102 1.63 0.1032

Contour Fit Plot

Contour Fit Plot for SalePrice