Significance of time trend and seasonality

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Reference no: EM1312683

Consider the following model:

This model relates the price of houses to their distance from an incinerator both before and after knowledge the incinerator's construction was known. Y81 is a dummy variable for after the construction project was announced. In order to consider the problem more thoroughly, a more complete model was also estimated:

Additionally, several other configurations were also estimated. The results are shown on the following pages.  Based on this data, answer the following questions (Note: It may be possible to compute needed values from more than one output set. In such cases, choose the one that makes the most sense to you and explain your reason.)

Comment on the significance of time trend and seasonality.

Reference no: EM1312683

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