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Use the data below to estimate a linear regression model with home price as the dependent variable and S&P500 EPS, Household income growth and population

Use the data below to estimate a linear regression model with home price as the dependent variable and S&P500 EPS, Household income growth and population as independent variables.

Home Price Index S&P 500 EPS ($) Household income growth (%) Population (millions)
30-Sep-20 208.6 99.25 4.89% 330.66
31-Aug-20 208.13 99.73 4.66% 330.53
31-Jul-20 208.65 100.39 4.26% 330.38
30-Jun-20 208.34 101.24 1.92% 330.33
31-May-20 206.83 107.64 2.29% 330.05
30-Apr-20 205.15 113.49 3.39% 329.73
31-Mar-20 203.16 118.54 -0.86% 329.59
29-Feb-20 201.56 126.12 -0.65% 329.46
31-Jan-20 200.08 134.33 1.21% 329.34
31-Dec-19 200.29 142.75 1.56% 329.14
30-Nov-19 201.2 140.38 5.09% 329.02
31-Oct-19 201.05 138.07 4.76% 328.89
30-Sep-19 200.48 136.14 2.37% 328.58

Is the coefficient for S&P 500 EPS statistically significant?

Yes it is statistically significant at 5% level.

No it is statistically insignificant.

Yes it is statistically significant at 0.05% level.

Yes it is statistically significant at 1% level.

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