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In no more than 'I sentence each, 'I) interpret R2 and 2) interpret the estimated coefficient on Iog(disrance) of the following estimated regression: A lagprice)
In no more than 'I sentence each, 'I) interpret R2 and 2) interpret the estimated coefficient on Iog(disrance) of the following estimated regression: A lagprice) = 8.284 7 0.015age + 0.319r00ms 7 0.08510g(distance), N = 250, R2 = 03607, Where lag(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
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