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You have estimate the following Hedonic Pricing model on transactions using a multiple regression: Price = 600,000 + 70,000 x No of beds + 20,000

You have estimate the following Hedonic Pricing model on transactions using a multiple regression:

Price = 600,000 + 70,000 x No of beds + 20,000 x no. of bath + 25,000 no of cars 100,000 x kilometres to beach.

What is the expected price of a 5 bedroom, 3 bathroom, 2 car garage house that is 1.5 kilometres from the beach?

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