Table 3. Multiple regression model of total cost.
| Independent Variables (coefficient, t) | ||||||
| Intercept | pctLH a | pctFH b | Subdivision | Scaled objectives | Overall R2 | |
| Total cost | 242 124 199, 104.13 | 1 538 538 297, 518.9 | 455 236 918, 75.60 | −225 607 405, −132.46 | 489 342 331, 287.3 | 0.949 |
All variables are highly significant (p<0.001). Coefficients represent the dollar change in total cost.
a
pctLH Percent leasehold assumption was expressed in proportional form (i.e. 10% coded as 0.10). Therefore, the coefficient indicates that a 10% increase in leasehold purchase gives a dollar change in cost of 1 538 538 297×0.1 or 153 835 829.
b
pctFH Percent freehold assumption was expressed in proportional form (i.e. 10% coded as 0.10). Therefore, the coefficient indicates that a 10% increase in freehold purchase gives a dollar change in total cost of 455 236 918×0.1 or 45 523 691.