Question 1:
The consumption function captures one of the key relationships in economic. It expresses
consumption as a function of disposal income, where disposal income is income after taxes. The
attached file “week 02 – Assignment – Dataset 1” shows data of average US annual consumption
(in $) and disposable income (in $) for the years 2000 to 2016.
- Find the sample linear regression equation for the model
- In this model, the slope coefficient is called the marginal propensity to consume.
Interpret its meaning - What is the predicted consumption if disposal income is $35,000?
Question 2:
A Realtor in Massachusetts is analyzing the relationship between the sale price of a home (in $),
it’s the square footage (in ft2), the number of bedrooms, the number of bathrooms, and a
colonial dummy variable (colonial equals 1 if a colonial-style home; 0 otherwise). The relater
collects data of 36 sales in Massachusetts for the analysis. The attached file “week 02 –
Assignment – Dataset 2” contains the data. - Estimate the linear regression model for the price.
- Interpret the coefficients attached to area (square footage) and colonial.
- Predict the price of a 2500 square foot colonial style home with three bedrooms and
two bathrooms.
Submit a Word or PDF file for your answers as well as the excel sheet.
GET SOLUTION FOR THIS ASSIGNMENT, Get Impressive Scores in Your Class
TO BE RE-WRITTEN FROM THE SCRATCH
GET SOLUTION FOR THIS ASSIGNMENT
TO BE RE-WRITTEN FROM THE SCRATCH
- Original and non-plagiarized custom papers- Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
- Timely Delivery– primewritersbay.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
- Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
- Confidential- It’s secure to place an order at primewritersbay.com We won’t reveal your private information to anyone else.
- Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
- Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. Seamless Transition of Microgrids Operation From Grid-Connected to Islanded Mode
Get Professionally Written Papers From The Writing Experts
