Analytical Methods I
Multiple Linear Regression Applications Automobile Pricing
Introduction
The paper “Multiple Linear Regression Applications Automobile Pricing” describes a sample
of 470 Chevrolet and Pontiac make cars with their information from the Kelly Blue Book.
The main objective of the paper is to develop a relatively good regression equation for
predicting the price of these cars based on identifying the correct factors out of many
which influence the price of a car.
With the aim of selecting the appropriate number of explanatory and response variables to
create the best model which provides a relatively simple linear combination of explanatory
