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A researcher has developed the following regression equation to predict the prices of luxurious Oceanside condominium units,

Picture ,

where
Price = the price of a unit (in $thousands),
Size = the square footage (in square feet),
View = a dummy variable taking on 1 for an ocean view unit, and 0 for a bay view unit.

What is the predicted price of an ocean view unit with 1500 square feet?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9474969

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