Be used to model that variable, use 0 if there is no pool, and use 1 if there is one. There are three fundamental factors: controlled variables, a dependent variable, and an independent variable.
single variable regression model We should use a single variable regression model because we only have data about one independent variable. The house size is the sole independent variable in this single-variable linear regression model.
The Residual Sum of Squares (RSS) approach is the most widely used one. The difference between the observed data's actual value and its vertical distance from the suggested best-fitting line (predicted value) is calculated using this approach.
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Full Question = Suppose someone is building a model to predict the sales price of a house and they would like to include a variable to indicate whether or not the house has a pool. Which of the following could be used to model that variable.