Write the equation for the regression line using the information from the regression output….

3b. Write the equation for the regression line using the information from the regression output.

Using that equation, predict the value of a home of 1000 SF, 2500 SF, and 6000 SF.

How to do it: Excel Response Variable Predictions

3c. Find confidence and prediction intervals around the values of the three size homes in 3b.

Report the home price point estimates as well as the CIs and PIs for each of the three. In your

report, state why the two intervals are different, and which should be used to predict a specific

size house price.

How to do it: Excel CIs and PIs of Regression Predictions

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