Question: True or false l l. [3] [n a hedonic regression model; that is. a statistical model used to appraise houses, the residual {e} of the

True or false

l l. [3] [n a hedonic regression model; that is. a statistical model used to appraise houses, the residual {e} of the regression equation captures characteristics of a house that are not accounted for in the regression equation itself {the fa) and also random variation in house prices. An example of such a model might be: r" =3\" +14.35; +2

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