Prices of Houses in Oxford-Cincinnati Area

Jiayu Wu

In order to determine the price of housing in both the Cincinnati and Oxford areas, we used Realtor.com to obtain our data for research. Using the multiple regression model, we developed a model with the ability to predict the price of a house in either location based upon location, square footage, number of bedrooms, lot size, and the interaction between the location and lot size. We originally started with a full model that included all predictors and all possible interaction terms. Using the AIC criterion, we were able to find a less complicated model that still represented our data well. Based upon the model we developed, we determined living in Oxford was cheaper than living in Cincinnati.