Page 13 - Regression Guideline for AMC

Understanding regression mechanics
• The following example mul6ple regression model is based on MLS data recorded for 402 proper6es in Orlando, Florida.
• This model included the following limited set of 7 property characteris6cs as predictors of last sales price/value. Since this is an example, we did not a.empt to develop a more complete set of possible predictors nor adjust for 6me of sales or condi6on (i.e., improvements/upgrades) all of which should be done in prac6ce and which poten6al improve model accuracy:
Ø BankOwned
Ø Numberofbathrooms
Ø Numberofbedrooms
Ø Squarefootage
Ø Yearofconstruc6on
Ø Pool
Ø Numberofstories
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