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Suppose you want to examine the determinants of housing prices in a community. You take a sample of 477 individuals and estimate the following regression

Suppose you want to examine the determinants of housing prices in a community. You take a sample of 477 individuals and estimate the following regression model:\ log(price)=14.210.876log(nox)0.092log(dist)0.621rooms+0.076rooms20.054stratio\ where\ price\ = median housing price in dollars\ nox\ = nitrogen oxides, parts per 100 mill\ dist\ = weighted distance to 5 employment centers\ rooms\ = average number of rooms per house\ stratio\ = average student-teacher ratio\ R2\ = 0.084\ From this information you know that R2\ = 0.0756 .

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