Question
Below is 16 condo sales for a particular building using Zillow with variables such as size, date sold, and number of baths Based on these
Below is 16 condo sales for a particular building using Zillow with variables such as size, date sold, and number of baths
Based on these observations and variables estimate and interpret (in words) the hedonic pricing regression:
Price = 1 [1] + 2 Area + 3 Baths + 4 Year +
Do the same thing but now take logs of the price as well as area and interpret the output.
#1
Price: 2,650,000
Size: 3,504 sqft ,
Date: 11/30/2022
Number of Baths: 5
#2
Price: 1,600,000
Size: 2301 sqft
Date: 11/04/2022
Number of Baths: 4
#3 Price: 1,680,000
Size: 2,400. sqft
Date: 09/29/2022
Number of Baths: 4
#4 Price: 1,680,000
Size: 2301 sqft
Date: 09/29/2022
Number of Baths: 4
#5
Price: 1,650,000
Size: 2301 sqft
Date: 09/26/2022
Number of Baths: 4
#6
Price: 1,600,000
Size: 2301 sqft Date: 08/26/2022
Number of Baths: 4
#7
Price:2,630,000 Size: 3504 sqft Date: 08/12/2022
Number of Baths: 5
#8
Price: 1,540,000
Size: 2301 sqft
Date: 07/29/2022
Number of Baths: 4
#9
Price: 1,570,000
Size: 2301 sqft
Date: 07/22/2022
Number of Baths: 4
#10
Price: 2,750,000
Size: 3504 sqft
Date: 07/15/2022
Number of Baths: 5
#11
Price: 2,630,000
Size: 3504 sqft
Date: 07/01/2022
Number of Baths: 5
#12
Price: 1,600,000
Size: 2301 sqft
Date: 06/02/2022
Number of Baths: 4
#13
Price: 2,500,000
Size: 3504 sqft
Date: 05/17/2022
Number of Baths: 4.5
#14
Price: 1,160,000
Size: 2301 sqft
Date: 05/10/2022
Number of Baths: 3.5
#15
Price: 1,650,000
Size: 2301 sqft
Date: 05/02/22
Number of Baths: 4
#16 Price: 2,350,000
Size: 3504 sqft
Date: 04/27/2022
Number of Baths: 5
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started