Y5

i. ii. What kinds of factors do you think might be contained in 11.? Do you think these factors are likely to be correlated with sq?" f t and/ or bdrms? Why or why not? How would our interpretation of the estimated coefficients 30, 31, 32 change if price is measured in dollars instead of thousands of dollars? How would the R2 of the estimated sample regression function change? Be specic. 1. Consider the following simple linear regression model where the variable price is house price in thousands of dollars, sq?\" f t is square footage, bdrms is the number of bedrooms, and u is the unobserved error: price = [30 + Bisqrft + zbdrms + u Answer the following questions