Example 4.10 presents a regression model that is used to predict the auction prices of Monet paintings.

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Example 4.10 presents a regression model that is used to predict the auction prices of Monet paintings. The most expensive painting in the sample sold for $33.0135M (log = 17.3124). The height and width of this painting were 35” and 39.4”, respectively. Use these data and the model to form prediction intervals for the log of the price and then the price for this painting.

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Econometric Analysis

ISBN: 978-0131395381

7th edition

Authors: William H. Greene

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