Familiarize yourself with the database by examining summary statistics, data plots, and basic regressions In particular, use ordinary least squares to estimate the parameters of the baseline model Interpret your estimates According to this regression, what is the marginal implicit price of an additional square foot of living area In p, Bo , xliving area, 3 x baths, , xage, B X

Question: Familiarize yourself with the database by examining summary statistics, data plots, and basic regressions. In particular, use ordinary least squares to estimate the parameters of

Familiarize yourself with the database by examining summary statistics, data plots, and basic regressions. In particular, use ordinary least squares to estimate the parameters of the baseline model:

In p, Bo +, xliving area, +3 x baths, + , xage,

Interpret your estimates. According to this regression, what is the marginal implicit price of an additional square foot of living area?

In p, Bo +, xliving area, +3 x baths, + , xage, + B X

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