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Using the data on Stockton Home Sales above, run the following regression model: price = b 0 + b 1 sqft + b 2 age

Using the data on Stockton Home Sales above, run the following regression model:

price = b0 + b1sqft + b2age + e

Based on your regression results, answer the following:

(Enter all numerical results with no commas or symbols and rounded out to four decimal places.)

b0 = ___________.____

b1 = ___________.____

b2 = ___________.____

According to your regression results, the change in the average price of a home in Stockton that would result from a 250 square footage increase in house size is predicted to be ________.____.

(Make sure to include the sign for the change, + or -, immediately before the numbers you enter to indicate whether the change is a rise or a fall.)

According to your regression results, the change in the average price of a home in Stockton that would result from a 10 year increase in house age is predicted to be ________.____.

(Make sure to include the sign for the change, + or -, immediately before the numbers you enter to indicate whether the change is a rise or a fall.)

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