+ Section It. Answer all questions [JO marks] Consider the following regression moulds which are produced in Des Reniers and Theriauh (19415) paper on rental amenities and the stability of hedonic prices, The dependent variable, MR. is monthly rent paid for the unit ( mainused in $1 twales 46.90 InAPPAGER -50. 74 NBROOMS & 36.73 107.85 TOODI ARFARYRM HEATED 3913 LIGHTED 417 SEMIFURNA ELEVATOR A 43.5% N ino. of obcnationsj = 13 37 K (no of coefficients estimated in repression) = 9 Avg rent 5814 Adj. R-0 640 Definition of variable LAPPAGE Natural log of apparent age of the building where the unit stands, in yours NUROOMS Number of rooms in the unit AREAHYAM Area par room. in square metres HEATED Monthly rent includes heating - dummy variable LIGHTED variable Monthly rent includes lighting = dummy SEMIFURY Fridge and cooker are included in rent dummy variable ELEVATOR Building his an clevalor = dummy variables LADSTCHD Natural log of Buckdian distance from CHD. in kilometres BI. What is the difference in rent between a property with and without beating? [?| 3. Based on the regression results reported in the table, which stribute (heating. lighting, semi- Simisbed, or the presence of an elevator) contributes ment to rent? Explain [4) Type here to search 13:4 PM