A real estate agent is developing a regression model to predict the market value of single family residential houses as a function of heated area, number of bedrooms, number of bathrooms, age of the house, and central heating (yes, no).The response variable in this model is ___.
A)heated area
B)number of bedrooms
C)market value
D)central heating
E)residential houses

Question

Quizplus · Accepted Answer

The question specifically mentions that the regression model is being developed to predict the market value of single family residential houses. Therefore, the response variable in this model is the market value.

A Real Estate Agent Is Developing a Regression Model to Predict