User Account

All Pages

How would you categorize or label this givne dataset

Assignment Help Econometrics
Reference no: EM131131601

You wish to predict the sale price of single-family residences in Massachusetts using property features (commonly called a "hedonic pricing model"). You collect price and property features data on properties sold in the state for the year 2010 and obtain the following regression:

Pricei = 14407.60 - 759.92*houseagei + .24*lotsizei + 354.35*bldareai + 12015.61*roomsi + µi

(6433.23) (89.67) (.115) (265.39) (8516.47)

Observations = 2691 R2 = 0.49 F = 65.10

Where:

houseage = age of the house (in years)

lotsize = total square feet of the land

bldarea = total square feet of the interior of the house

rooms = total number of rooms in the house

How would you categorize, or label, this dataset? Defend your answer.

Reference no: EM131131601

Questions Cloud

What is the interpretation of the constant term : You wish to predict the sale price of single-family residences in Massachusetts using property features (commonly called a "hedonic pricing model"). What is the interpretation of the constant term in this regression? Why is it included
Sold next round to break even on the product : Baldwin’s product Buddy has material costs that are rising from $6.82 to $7.82. Assume that period costs and other labor costs remain unchanged. If Baldwin decides to absorb the cost and not pass any on to its customers in the form of raised prices h..
Factors in the organization external environment : Prepare and present a video that is a maximum of five to seven (5-7) minutes OR write a four to six (4-6) page paper in which you: Specify the nature, structure, and types of products or services of Apple, and identify two (2) key factors in the orga..
What is the maximum efficiency possible for this engine : What is the maximum efficiency possible for this engine?
How would you categorize or label this givne dataset : You wish to predict the sale price of single-family residences in Massachusetts using property features (commonly called a "hedonic pricing model"). How would you categorize, or label, this dataset? Defend your answer
How much do they receive when the capacity is sold : The Chester company will sell 100 units (x1000) of capacity from their Cent product line. Each unit of capacity is worth $6 plus $4 per automation rating. The Chester company will sell the capacity for 35% off. How much do they receive when the capac..
Distinguish the mechanical and chemical digestive processes : Distinguish the mechanical and chemical digestive processes and discuss the role of enzymes and other gastric fluids in digesting sugar, starch, fiber, fat, and protein.
Does it make financial sense to build the new facility : Suppose New York wants to build a new facility to replace Madison Square Garden. Does it make financial sense to build the new facility if interest rates are 5 percent
Bloom taxonomy and granello article : What does synthesize mean within the context of Bloom's Taxonomy and Granello's article?- What patterns have you started to identify from reading your research articles so far?

Reviews

Write a Review

Econometrics Questions & Answers

  Estimate the cost of the 600-mw plant

A company desires to estimate the cost of building a 600-MW fossil-fuel plant for the assembly of its new long-distance aircraft. It is known that a 200-MW plan cost $100 million 20 years ago when the approximate cost index was 400, and the cost i..

  Calculate the initial values of the variables

Calculate the initial values of the variables listed in the first column and fill in column B.

  Why is the yield to maturity necessarily less

to pay for college, you have just taken out a $1000 gov. loan that makes you to pay $126 per year for 25 years. however, you don't have to start making the payment until you graduate from college two years from now. why is the yield to maturity ne..

  What is the effective interest rate an investor receives

ABC Corporation's recently issued bonds paying interest semiannually and maturing in 10 years. The face value of each bond is $1000, and 6.8% is the nominal interest rate. (a) What is the effective interest rate an investor receives.

  What generalization can you make from this exercise

What generalization can you make from this exercise?

  Determine loan without interest for four years

The market interest rate is 10 percent and is expected to stay at that level. Explain your choice in each of the following situation: a. Would you prefer $500 gift today or $540 gift next year b. Would you prefer a $100 gift now or $500 loan without..

  Find probability for five employees gets a computer

A firm recieves a shipment of 100 personal computers for use by its staff. Of these 100 computers, five are defective and not usable without repair. In a particular office, there are five employees. What is the probability that each of these five e..

  Will the future production possibilities curve for nation

Like Physical capital, human capital produced in the present can be applied to the production of future goods and services. consider the table in Problem, 2-11, and suppose that the nation's residents are trying to choose between combination C and..

  Which country has comparative advantage in production of cap

b. Which country has a comparative advantage in production of caps In wheat c. If the US and Russia were the only two countries engaging in trade, what adjustments would you predict, assuming exchange rates are freely determined by the laws of sup..

  Determine total market value of all final services produced

Suppose the total market value of all final goods and services produced this year in economy X is $4 million. Of the $4 million worth of goods, $3 million is sold and $1 million is held in inventory. For this year, the GDP for economy X is

  How much are households paid for providing the ability

Suppose that businesses buy a total of $100 billion of the following resources labor, land, capital, and entrepreneurial ability from households, if the households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest

  What would be the daily dose in g for a 35 lb child

What would be the daily dose in g for a 35 lb child?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd