Regression Flashcards
The real added value of the author’s research on residential real estate properties is quantifying the magnitude of relationships between housing prices and different determinants.
TRUE
Regression is a statistical technique developed by Sir Frances Galton.
TRUE
According to the reading, the author discovered that an additional bedroom adds more to the housing prices than an additional washroom.
FALSE
The author discovered that, all else being equal, houses located less than 5 kms but more than 2.5 kms to shopping centres sold for more than the rest.
TRUE
Based on the reading, which of the following are questions that can be put to regression analysis?
What is the impact of lot size on housing price?*
What are typical land taxes in a house sale?
Do homes with brick exterior sell for less than homes with stone exterior?*
Do homes with brick exterior sell in rural areas?
The real added value of the author’s research on residential real estate properties is quantifying people’s preferences of different transport services.
FALSE
Who developed the statistical technique known as regression?
Sir Frances Galton*
Sir Isaac Newton
Blaise Pascal
Gerolamo Cardano
Thomas Bayes
According to the reading, the author discovered that an additional washroom adds more to the housing prices than an additional bedroom.
TRUE
What did the author’s research reveal about proximity to large shopping centres?
The author discovered that proximity to large shopping centres didn’t have any significant impact on the prices of housing units.
The author discovered that houses located more than 2.5 kms to shopping centres sold for less than the rest.
The author discovered that houses located more than 5 kms to shopping centres sold for less than the rest.
The author discovered that proximity to large shopping centres had a nonlinear impact on the housing prices.*
Regression is a statistical technique developed by Blaise Pascal.
FALSE
What did the author’s research reveal about the impact of an additional washroom on the price of a housing unit?
The author found that an additional washroom did not have any impact on the pricing of a housing unit.
The author found that an additional bedroom adds more to the housing prices than an additional washroom.
The author found that an additional washroom adds more to the housing prices than an additional bedroom.*
The author found that an additional bedroom adds the same to the housing prices than an additional washroom. In other words, any additional room results in an equal increase to the housing prices.
Based on the reading, which of the following best describes the real added value of the author’s research on residential real estate properties?
The research revealed findings that opposed basic perceptions that people hold about the real estate properties.
Quantifying people’s preferences of different transport services.
Quantifying the magnitude of relationships between housing prices and different determinants.*
The research determined that there was no correlation between proximity to shopping centres and housing prices.
The author discovered that houses located more than 2.5 kms to shopping centres sold for less than the rest.
FALSE
