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# (Solved): 1. Import the variables into Eviews. Run the following the regression Price= f(Assess, bdrms ...

1.  Import the variables into Eviews.  Run the following the regression Price= f(Assess, bdrms, lotsize, sqrft, colonial) 2. A Explain the economic rationale underlying the regression equation. 3. Interpret the estimated coefficients. 4. Give the estimates, their standard errors, their t-statistics, their p-values, the R2, the adjusted R2, the F-statistic, and the corresponding p-value. Are your results statistically significant at the 5% level? 5. Discuss the adequacy of the model with respect to  R2  Serial correlation  Functional form  Normality  Heteroscedasticity  Multicollinrearity 6. What remedies do you suggest for any problem in the model? Explain you answers in detail

 Obs: 88 1. price price, in dollars 2. assess assessed value, in dollars 3. bdrms number of bedrooms 4. lotsize size of lot, square feet 5. sqrft size of house, square feet 6. colonial =1 if home is colonial style 7. lprice log(price) 8. lassess log(assess 9. llotsize log(lotsize) 10. lsqrft log(sqrft)

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