would each Coefficient be predicted to be either positive, negative, or ambiguous? (8 points) You have gained

would each Coefficient be predicted to be either positive, negative, or ambiguous?

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(8 points) You have gained access to a dataset that includes commercial real estate transaction that took place during the 2017-2019 time period in Miami, FL and in San Francisco, CA. After general data “clean up” you ran the following regression: Price = a + P₁SQFT + B₂Year + ß3 Class + B4DumMiami Where: Price is the price in dollars paid for each property transacted. SQFT is the size of each property transacted in squared feet. Year takes a value of 0, 1 or 2 if the transaction took place during the year 2017, 2018 or 2019, respectively. Class takes a value of 0, 1 or 2 if the transacted property is of class A, B or C, respectively. DumMiami is a dummy variable that takes a value of 1 if the property transacted is locate in Miami and 0 otherwise. For each of the coefficients ((B₁, B₂, B3 and 4) please predict whether you expect it to be positive, negative or ambiguous and explain in one sentence. (8 points) You have gained access to a dataset that includes commercial real estate transaction that took place during the 2017-2019 time period in Miami, FL and in San Francisco, CA. After general data “clean up” you ran the following regression: Price = a + P₁SQFT + B₂Year + ß3 Class + B4DumMiami Where: Price is the price in dollars paid for each property transacted. SQFT is the size of each property transacted in squared feet. Year takes a value of 0, 1 or 2 if the transaction took place during the year 2017, 2018 or 2019, respectively. Class takes a value of 0, 1 or 2 if the transacted property is of class A, B or C, respectively. DumMiami is a dummy variable that takes a value of 1 if the property transacted is locate in Miami and 0 otherwise. For each of the coefficients ((B₁, B₂, B3 and 4) please predict whether you expect it to be positive, negative or ambiguous and explain in one sentence.

Answer rating: 100% (QA)

Heres the prediction for each coefficient and a brief explanation 1 SQFT Positive We expect a positi... View the full answer