We conduct a regression of size on hhinc, owner, hhsize, hhsize2,and hhsize3. We do not include the constant. The regression output is reported in Table 3. Would you conclude that the home size increases with the household size? Interpret the sign and magnitude of the estimated coefficients of hhsize1, hhsize2, and hhsize3.
We conduct a regression of size on hhinc, owner, hhsize, hhsize2,and hhsize3. We do not include the constant. The regression output is reported in Table 3. Would you conclude that the home size increases with the household size? Interpret the sign and magnitude of the estimated coefficients of hhsize1, hhsize2, and hhsize3.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
a) We conduct a regression of size on hhinc, owner, hhsize, hhsize2,and hhsize3. We do not include the constant. The regression output is reported in Table 3. Would you conclude that the home size increases with the household size? Interpret the sign and magnitude of the estimated coefficients of hhsize1, hhsize2, and hhsize3.
![Table 3
regress size hhinc owner hhsizel hhsize2 hhsize3, robust noconstant
Linear regression
Number of obs
5,407
F(5, 5402)
11317.91
Prob > F
0.0000
R-squared
0.9157
Root MSE
348.5
Robust
size
Coefficient std. err.
t
P>|t|
[95% conf. interval]
hhinc
.005163
.0004976
10.38
0.000
.0041875
.0061384
owner
374.5049
10.69219
35.03
0.000
353.5439
395.4659
hhsizel
647.8994
12.79973
50.62
0.000
622.8068
672.992
hhsize2
777.3956
21.42977
36.28
0.000
735.3846
819.4065
hhsize3
930.3489
29.34556
31.70
0.000
872.8197
987.878
II I| I| I|I](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F00af739a-4010-4669-9e5e-5bc99db6959f%2F0799bc02-40b0-43b2-a860-2ddd216e1df2%2Fvowc12f_processed.png&w=3840&q=75)
Transcribed Image Text:Table 3
regress size hhinc owner hhsizel hhsize2 hhsize3, robust noconstant
Linear regression
Number of obs
5,407
F(5, 5402)
11317.91
Prob > F
0.0000
R-squared
0.9157
Root MSE
348.5
Robust
size
Coefficient std. err.
t
P>|t|
[95% conf. interval]
hhinc
.005163
.0004976
10.38
0.000
.0041875
.0061384
owner
374.5049
10.69219
35.03
0.000
353.5439
395.4659
hhsizel
647.8994
12.79973
50.62
0.000
622.8068
672.992
hhsize2
777.3956
21.42977
36.28
0.000
735.3846
819.4065
hhsize3
930.3489
29.34556
31.70
0.000
872.8197
987.878
II I| I| I|I
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman