Solution-How would you categorize or label this givne

How would you categorize or label this givne dataset

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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:

Price_i = 14407.60 - 759.92*houseage_i + .24*lotsize_i+ 354.35*bldarea_i + 12015.61*rooms_i + µ_i

(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

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How would you categorize or label this givne dataset

Reference no: EM131131601

Reference no: EM131131601

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