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In no more than 1 sentence each, 1) interpret R2 and 2) interpret the estimated coefficient on log(distance) of the following estimated regression: log(price) =
In no more than 1 sentence each, 1) interpret R2 and 2) interpret the estimated coefficient on log(distance) of the following estimated regression: log(price) = 8.284 - 0.015age + 0.319rooms - 0.085log(distance), N = 250, R2 = 0.3607, where log(price) is the natural logarithm of price of a house age is age of a house rooms is number of rooms in a house log(distance) is the natural logarithm of the distance from a house to the city centre. 1 A Y B
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