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Consider a given model: log(price)=_0+_1*distance+_2*room+u Note that price represents price of houses in Baku city, distance represents distance of each house from the nearest metro
Consider a given model: log(price)=_0+_1*distance+_2*room+u Note that price represents price of houses in Baku city, distance represents distance of each house from the nearest metro station, and room show number of rooms of each house. Note that t-critical value is 2.57 at 99% confidence level, 1.96 at 5% significance level, and 1.67 at 90% significance level. If estimated coefficient of _2=0.012 and standard error of _2 is 0.018, comment on statistical significance of the association
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