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Assignment 2

The document outlines a task to create a linear regression model using a dataset of second-hand car sales. It specifies the need to analyze seller types, remove corporate sellers, and derive a regression equation while interpreting coefficients and assessing model fit. Additionally, it asks for a comparison of the final model with any refined versions using R commands.

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arhan.sharma25
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3 views1 page

Assignment 2

The document outlines a task to create a linear regression model using a dataset of second-hand car sales. It specifies the need to analyze seller types, remove corporate sellers, and derive a regression equation while interpreting coefficients and assessing model fit. Additionally, it asks for a comparison of the final model with any refined versions using R commands.

Uploaded by

arhan.sharma25
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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You are to create a linear regression model using the attached carDetails dataset.

This dataset contains 1997 records of second hand cars that were been sold. You have to use at least
one factor variable. The aim of the exercise is to model the sale price of second-hand cars using this
available data.

Grades will be based on how well the model can predict the sale price.

1. Among the seller types are Individuals and Corporate, How many of each type are there in
the dataset?
2. Remove the Corporate seller data from the dataset before doing the regression.
3. Write down the final regression equation
4. Interpret the regression coefficients in terms of their importance in the model. Interpret the
factor variable(s) coefficient(s)
5. How good is the overall model fitment – the final p-value
6. Did you refine this model? If so, explain using R commands how good is the final model
compared to the earlier model(s)

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