QUESTION 10 Answer questions 10 to 16 based on the regression outputs given in Table 1 & 2. Table 1 DATA4-1: Data on single family homes in University City price - sale price in thousands of dollars (Range 199.9 - 505) sqft - square feet of living area (Range 1065 - 3000) Table 2 Model 1: OLS, using observations 1-14 Dependent variable: price coefficient std. error t-ratio p-value 37. 2855 0.0187329 const 52. 3509 0. 138750 1. 404 7. 407 0. 1857 8. 20e-06 *** sqft Mesi dependent var Sun squared resid R-squared F(1, 12) Log-likelihood Schwarz criterion 317. 4929 18273. 57 0. 820522 54. 86051 -70. 08421 145. 4465 S.D. dependent var S.E. of regression Adjusted R-squared P-value (F) Akaike criterion Hannan-Quinn 88. 49816 39. 02304 0. 805565 8. 20e-06 144. 1684 144.0501 There are observations included in this dataset. It is a. data. O 12; cross-sectional 13; time-series data 14; cross-sectional In this regression model, sale price of a single-family house is the. the and the square feet of the living area is independent variable; dependent variable O dependent variable; independent variable
QUESTION 10 Answer questions 10 to 16 based on the regression outputs given in Table 1 & 2. Table 1 DATA4-1: Data on single family homes in University City price - sale price in thousands of dollars (Range 199.9 - 505) sqft - square feet of living area (Range 1065 - 3000) Table 2 Model 1: OLS, using observations 1-14 Dependent variable: price coefficient std. error t-ratio p-value 37. 2855 0.0187329 const 52. 3509 0. 138750 1. 404 7. 407 0. 1857 8. 20e-06 *** sqft Mesi dependent var Sun squared resid R-squared F(1, 12) Log-likelihood Schwarz criterion 317. 4929 18273. 57 0. 820522 54. 86051 -70. 08421 145. 4465 S.D. dependent var S.E. of regression Adjusted R-squared P-value (F) Akaike criterion Hannan-Quinn 88. 49816 39. 02304 0. 805565 8. 20e-06 144. 1684 144.0501 There are observations included in this dataset. It is a. data. O 12; cross-sectional 13; time-series data 14; cross-sectional In this regression model, sale price of a single-family house is the. the and the square feet of the living area is independent variable; dependent variable O dependent variable; independent variable
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4A: Problems In Applying The Linear Regression Model
Section: Chapter Questions
Problem 1E
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