calculate the predicted dollar value of a one-year-old house which is 200 square meters in size and located in a major business district area but does not have a pool or a fireplace.

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House Sale Price Estimates Dependent Variable: log(price) Independent Variables Coefficients Estimates and (Standard Errors) Equation 1 Equation 2 Equation 3 intercept 2.1750 2.1907 2.1671 (0.0907) (0.1950) (0.0910) log(size) 0.8472 0.8712 (0.0176) (0.0377) 0.8501 (0.0176) age -0.0009 -0.0012 -0.0008 (0.0002) (0.0005) (0.0002) proximity pool 0.2475 (0.0041) 0.0186 0.2478 (0.0041) (0.0051) fireplace 0.0070 (0.0041) N (number of observations) 1000 1000 1000 SSR (Sum of Squared Residuals) 4.1912 19.5633 4.2570 R-squared 0.8614 0.3532 0.8593 Adjusted R-squared 0.8607 0.3519 0.8588 House Sale Price Estimates Dependent Variable: log(price) Independent Variables Coefficients Estimates and (Standard Errors) Equation 1 Equation 2 Equation 3 intercept 2.1750 2.1907 2.1671 (0.0907) (0.1950) (0.0910) log(size) 0.8472 0.8712 (0.0176) (0.0377) 0.8501 (0.0176) age -0.0009 -0.0012 -0.0008 (0.0002) (0.0005) (0.0002) proximity pool 0.2475 (0.0041) 0.0186 0.2478 (0.0041) (0.0051) fireplace 0.0070 (0.0041) N (number of observations) 1000 1000 1000 SSR (Sum of Squared Residuals) 4.1912 19.5633 4.2570 R-squared 0.8614 0.3532 0.8593 Adjusted R-squared 0.8607 0.3519 0.8588

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