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Please see attached question. YOu can send me handwritten answer as well if required. The Demand for housing (Q) depends on house price (P) and

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Please see attached question. YOu can send me handwritten answer as well if required.

image text in transcribed
The Demand for housing (Q) depends on house price (P) and income (/). Based on a sample of 2,142 families the least squares regression results are: In Q = 3.9 - 0.256 In P + 0.97 In / t statistic: (6.83) (-15.42) (32.84), R2 = 0.871. (4.a) Calculate adjusted R2. (4.b) Calculate partial correlation coefficient for In P and In / . (4.c) What are the consequences of deleting In P? (4.d) Explain consequences of adding an irrelevant variable

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