The Hong Kong Housing Authority wants to analyse the relationship between housing price (PRICE) and size of the housing property (SQFT) in 2019.

The following table is the regression results from an econometric model:

Model 1 Dependent Variable: PRICE Method: Least Squares Date: 10/26/19 Time: 10:25 Sample: 1 500 Included observations: 500 Variable Coefficient Std. Error t-Statistic Prob. C -115.4236 13.08815 -8.818937 0.0000 SQFT 13.40294 0.449164 tA 0.0000 R-squared 0.641317 Mean dependent var 250.2369 Adjusted R-squared 0.640596 S.D. dependent var 171.4765 S.E. of regression 102.8006 Akaike info criterion 12. 10745 Sum squared resid 5262847. Schwarz criterion 12.12431 Log likelihood -3024.863 Hannan-Quinn criter. 12.11407 F-statistic 890.4114 Durbin-Watson stat 0.956999 Prob(F-statistic) 0.000000