The way the prediction by regression analysis works is given below. The Residual Values help us to understand how much the predicted price deviates from its actual value and the standard value of residuals that would be acceptable. We can also find the following information for each coefficient: its Standard Error, t Stat, P-value and other parameters. In this section, we get the value of coefficients for the independent variables- Max. Here, I will discuss the output of Regression Analysis. In our dataset, the value of Significance F is 0.01 which is good for analysis. Otherwise, you may need to change your independent variable. If the Significance F is less than 05, the multiple regression analysis is suitable to use.
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