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I want accurate answer with proper explanation please I'll upvote show all your work no handwriting You run a hedonic model, where the dependent variable
I want accurate answer with proper explanation please I'll upvote show all your work no handwriting
You run a hedonic model, where the dependent variable is the natural log of the sale price. An independent variable in the model - Ln Square Feet - has an estimated coefficient of 1. The Ln Square Feet variable is a the natural log of the square feet a home contains. Assume the average home sale price is $250,000, what is the dollar value impact from a one percent increase in square feet. (Enter a number. Round to the nearest digit.)
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