Determine the estimated regression line

Assignment Help Econometrics

Reference no: EM13213300

a study housing demand, county assessor interested developing a regression model estimate market (i.e., selling price) residential property this jurisdiction. The assessor feels important variable affecting selling price (measured thousands dollars) size house (measured hundreds square feet). Her randomly selected 15 houses measures selling price size. obsevation (i) selling price (x $1000) y size (x 100 ft square root of 2)

a. plot the data

b. determine the estimated regression line. give an economic intrepretation of the est. slope (b) coefficient c determine iif size is a statistically significant variable in estimating selling price d calculating the coefficiently of determination e perform an f-test of the overall signifcance of the results f constructing an appro. 95 % prediction interval for the selling price of a house having an area (size) of 15 (hundred) square ft

Reference no: EM13213300

Questions Cloud

Change the maximum mortgage : How would this change the maximum mortgage and home price they can afford?

Calculate the coefficient of determination : In a study of housing demand, the county assessor is interested in developing a regression model to estimate the market value (i.e., selling price) of residential property within her jurisdiction. The assessor feels that the most important variabl..

Find out the enthalpy of the reaction : Determine the enthalpy of the reaction. Assume that the density and the specific heat of the solution are the same as water. Incude the correct sign.

Explain which alternative should management select : the blair company's three assembly plants are located in california, georgia, and new jersey. previously, the company purchased a major subassembly, which becomes part of the final product, from an outside firm. blair has decided to manufacture th..

Determine the estimated regression line : a study housing demand, county assessor interested developing a regression model estimate market (i.e., selling price) residential property this jurisdiction. The assessor feels important variable affecting selling price (measured thousands dollar..

Explain what is the resultant pressure if mol of ideal gas : What is the resultant pressure if 3.7 mol of ideal gas at 273 K and 1.97atm in a closed container of constant volume is heated to 446 K.

How did the backgrounds of both geithner and bernanke serve : How did the backgrounds of both Geithner and Bernanke serve to assist or hinder them in understanding and acting to solve the problems?

Compute the approximate volume needed to titrate : Calculate the approximate volume of 0.02M KMnO4 (in the unit of mL) needed to titrate 0.17 g sodium oxalate.(Note: The KMnO4 solution will be added from a buret to a flask during titration.

Calculate the accounting profit and the economic profit : Gomez runs a small pottery firm. He hires one helper at $11,500 per year, pays annual rent of $7,000 for his shop, and spends $22,500 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth..

User Account

All Pages