Data on 880 houses sold in Stockton, CA during mid-2005 shows the housing price….

Knowledge on 880 homes bought in Stockton, CA, throughout mid-2005 exhibits the housing worth, sq. toes space, variety of beds, variety of baths, age of the home, variety of tales, and a dummy variable to proxy emptiness (=1 if vacant, zero if it isn’t vacant). Use the “Stockton Housing Data” to reply the next questions:a) Estimate the next regression mannequin:PRICE = ?1 + ?2SQFT + ?3AGE + ?4BEDS + ?5BATHS + ?6STORIES + ?7VACANCY + eb) Interpret and take a look at the statistical significance of every coefficient at 5% stage.c) Take a look at the speculation (at 5% stage of significance) that an extra bed room will increase housing worth by$2000.d) Utilizing the homes that had been vacant on the time of sale, take a look at the speculation (at 5% stage of significance)that the worth of an extra sq. foot of residing space is greater than or equal to $80.e) Assemble a 95% interval estimate for ?four utilizing (i) the complete pattern, (ii) homes vacant on the time of sale,and (iii) occupied on the time of sale.

Order an Essay Now & Get These Features For Free:

Turnitin Report

Formatting

Title Page

Citation

Outline

Place an Order