Question: Please help very confused! Concept Exercise 10.6.1 Question Help A researcher is interested in studying the factors that affected the monthly house rent (P, in

Please help very confused!
Please help very confused! Concept Exercise
Please help very confused! Concept Exercise
Please help very confused! Concept Exercise
Concept Exercise 10.6.1 Question Help A researcher is interested in studying the factors that affected the monthly house rent (P, in hundred dollars) across City A for the time period 2014-2018. For her stud she selects the size of the house (SZ, measured in sq ft), the distance of the house from downtown (D. measured in kilometres), the average real income of households within a one km radius of the house ( expressed in logarithmic torms), the inflation rate in the economy (or measured in percentage) as regressors. She collects data across 200 randomly selected localities in the city for this time period. Here, the average real income of households within a one km radius of the house (1). and the inflation rate in the economy (w) are the economic variables The following table shows the regression results, Dependent variable: Monthly house rent (in hundred dollars) Regressor (2) (3) (4) (5) 2.14" 1.67" Size of the house (SZ) 1.62* 1.62" (0.81) (0.84) (0.82) (0.82) (0.91) Distance of the house from -2.09 -1.98 downtown (D) (0.84) (0.76) Logarithm of average real income of 2.12" households within a one km radius (0.98) 1.54 Inflation rate in the economy 1.09 Fnter your answer in the edit fields and then Check Answer yes yes nousenovoS Windone KUUS (0) (0.98) Inflation rate in the economy (x) 1.01" (0.79) Years 2014-2018 2014-2018 2014-2018 2014-2018 2014-2018 Stato effects no yes yes Time effects? no yes yes yes Clustered standard errors? no yes yes yes yes n 200 200 200 200 200 F-Statistics and p-values on Joint Hypotheses Time effects=0 4.22 10.12 3.48 (0.002) (0.001) (0.006) Roal income of households within a one km radius, Inflation rate in the 25.20 economy=0 (

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