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Download the dataset. The data set is information about the tax assessment value assigned to medical office buildings in a city. The following is a list of the variables in the database:
As you work through the following exercises, note your answers to the given questions so you can easily summarize them in your reflection.
Use the data set to construct a model that predicts the tax assessment value assigned to medical office buildings with specific characteristics.
1. Construct a scatter plot in Excel with Floor Area as the independent variable and Assessment Value as the dependent variable. Insert the bivariate linear regression equation and R2 in your graph.
2. Use Excels Analysis ToolPak to conduct a regression analysis of Floor Area and Assessment Value.
3. Construct a scatter plot in Excel with Age as the independent variable and Assessment Value as the dependent variable. Insert the bivariate linear regression equation and R2 in your graph.
4. Use Excels Analysis ToolPak to conduct a regression analysis of Age and Assessment Value.
Construct a multiple regression model.
In a minimum of 500 words, reflect on the types of medical offices you would advise management to close and open, and why. Use your exercise notes to support your rationale.
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