PLEASE FOLLOW ECON 1 TO 4 TO HELP ME SOLVE THE QUESTIONS 9. 10. 11.
F43:55 73248 BA 57% 5 TODD of 0 +: 0 3 Free Response The following two questions are based on Stata outputs from the zillow.dta dataset. Where . price is the asking price of the home, measured in thousands of dollars. . sqft is the square footage of the home. . bed is the number of bedrooms the home contains. . bath is the number of bathrooms the home contains. . HOA = 1 if the property pays HOA dues and 0 otherwise. house = 1 if the property is a home and 0 otherwise (i.e. if house = 0 the property is an apartment or a condominium). . HOA . sqft is an interaction term generated in Stata as gen HOA_sqft = HOA . sqft. We will consider the following population models in equations (5) and (6) below: log(price) = Bo + Bilog(sqft) + Bybed + B3bath + BAHOA + Bshouse + u (5) price = Bo + Bisqft + B2bed + B3bath + BAHOA + Bs(HOA . sqft) + u (6) The following 4 Stata outputs are relevant: reg lprice Isaft bed bath HOA house Source SS df MS Number of obs 53 F (5, 47) 60.83 Model .56042116 5 1.31208423 Prob > F 0. 0000 Residual 1. 01377269 17 . 021569632 R-squared 0 . 8662 Adj R-squared 0 . 8519 Total 7.57419384 52 . 145657574 Root MSE . 14687 lprice Coef. Std. Err. t Palt/ [95% Conf. Interval] Isqf . 7155056 . 0896182 7.98 0.000 . 535217 8957943 bed -. 0062416 0393425 -0 . 16 0. 875 - . 0853886 0729053 bath 0225727 0434843 0.52 0 . 606 -. 0649065 1100518 HOA -.177329 1576791 -1. 12 0.266 -. 4945383 . 1398803 house 0390175 . 1603035 0. 24 0. 805 -. 2834715 . 3615065 _cons . 6337386 . 5693034 1. 11 0. 271 -. 511552 1. 779029 reg lprice Isaft Source SS df MS Number of obs 53 F (1, 51) 252 .49 Model 6. 3013845 1 6.3013845 Prob > F 0. 000. Residual 1. 27280935 51 . 024957046 R-squared . 8320 Adj R-squared . 8287 Total 7.57419384 52 . 145657574 Root MSE . 15798 price Coef. Std. Err. t Palt| [95% Conf. Interval] isaft . 813187 . 0511763 15 .89 0.000 7104463 9159278 _cons -. 0591511 . 3867157 -0 . 15 0. 879 - . 8355153 . 7172132 V Page 4F4 3:55 7248 BE 57% F 0 . 0000 Residual 267567.023 5692 . 91539 R-squared 0 . 8750 Adj R-squared 0 . 8617 Total 2140444. 31 52 41162.3906 Root MSE 11 75 . 451 price Coef. Std. Err. t P>It| [95% Conf. Interval] sqf . 2172403 . 0209687 10.36 0. 000 1750568 . 2594238 bed -5. 850429 19. 50622 -0.30 0. 766 -45 . 09189 33. 39103 bath -21. 3198 22. 38237 -0.95 0 . 346 -66.34731 23.70771 HOA -45 . 45479 110 . 1603 -0. 41 0 . 682 -267 . 0688 176 . 1592 HOA_sqft - . 0074762 . 0754126 -0. 10 0 . 921 -. 1591868 . 1442343 _cons 105. 9021 49 . 51167 2. 14 0. 038 6. 297439 205.5067 reg price saft bed bath Source SS df MS Number of obs 53 F (3, 49) 107.38 Model 1857849.1 3 619283.033 Prob > F 0. 0000 Residual 282595. 214 19 5767 . 24927 R-squared 0 . 8680 Adj R-squared 1I II 0 . 8599 Total 2140444.31 52 41162. 3906 Root MSE 11 11 75 . 942 price Coef. Std. Err. t [95% Conf. Interval] sqft . 2192518 . 021067 10 . 41 0. 000 . 1769161 . 2615875 bed 8. 517881 17 . 44936 0 . 49 0 . 628 -26 .54791 43.58367 bath -29. 09383 21.9706 -1.32 0. 192 -73 . 2454 15. 05774 _cons 63 . 47581 41 . 32548 1.54 0. 131 -19.57085 146. 5225 V +'Fq=3:56 7H24E| an as- 5796:]-
