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Suppose a real estate agent is predicting the prices of houses in a city based on house size (in square feet) and elementary school district
Suppose a real estate agent is predicting the prices of houses in a city based on house size (in square feet) and elementary school district (A, B, or C). The real estate agent created the model below, where (District A) and (District B) are dummy variables. Predicted price (dollars) = 30000 + 80*(size) + 10*(District A) + 15*(District B) What is the predicted price of a house in District A
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Econometric Analysis
Authors: William H. Greene
7th edition
131395386, 131395381, 978-0131395381
