Results: st103d03.sas~

Model with Basement Area and Lot Area

The REG Procedure

Model: MODEL1

Dependent Variable: SalePrice Sale price in dollars

The Reg Procedure

MODEL1

Fit

SalePrice

Number of Observations

Number of Observations Read 300
Number of Observations Used 300

Analysis of Variance

Analysis of Variance
Source DF Sum of
Squares
Mean
Square
F Value Pr > F
Model 2 2.032206E11 1.016103E11 137.17 <.0001
Error 297 2.200029E11 740750509    
Corrected Total 299 4.232235E11      

Fit Statistics

Root MSE 27217 R-Square 0.4802
Dependent Mean 137525 Adj R-Sq 0.4767
Coeff Var 19.79041    

Parameter Estimates

Parameter Estimates
Variable Label DF Parameter
Estimate
Standard
Error
t Value Pr > |t|
Intercept Intercept 1 69016 5129.52179 13.45 <.0001
Basement_Area Basement area in square feet 1 70.08680 4.54618 15.42 <.0001
Lot_Area Lot size in square feet 1 0.80430 0.49210 1.63 0.1032

Model with Basement Area and Lot Area

The REG Procedure

Model: MODEL1

Dependent Variable: SalePrice Sale price in dollars

Observation-wise Statistics

SalePrice

Diagnostic Plots

Fit Diagnostics

Panel of fit diagnostics for SalePrice.

Residual Plots

Panel 1

Panel of scatterplots of residuals by regressors for SalePrice.