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10 Pages
Key - Lab Exam 2A 2007 Home Prices
Course: RESEC 312, Fall 2009School: UMass (Amherst)
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Word Count: 987
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1 OBSN HOME 228 Henry St 2 110 Henry St 3 234 Henry St 4 293 Belchertown Rd 5 143 South East St 6 34 Logtown Rd 7 340 Amity St 8 45 Phillips St 9 154 Summer St 10 295 Amity St 11 52 Elf Hill Rd 12 Lot 1 Old Farm Rd 13 1299 Bay Rd 14 1050 Bay Rd 15 15 Cortland Dr 16 585 Station Rd 17 Lot1 Arbor Way 18 30 Bridle Path 19 217 Aubinwood Rd 20 83 N Prospect St 21 18 Trillium Way 22 45 Hills Rd 23 Lot 25 Hop Brook Rd 24...
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1 OBSN
HOME 228 Henry St 2 110 Henry St 3 234 Henry St 4 293 Belchertown Rd 5 143 South East St 6 34 Logtown Rd 7 340 Amity St 8 45 Phillips St 9 154 Summer St 10 295 Amity St 11 52 Elf Hill Rd 12 Lot 1 Old Farm Rd 13 1299 Bay Rd 14 1050 Bay Rd 15 15 Cortland Dr 16 585 Station Rd 17 Lot1 Arbor Way 18 30 Bridle Path 19 217 Aubinwood Rd 20 83 N Prospect St 21 18 Trillium Way 22 45 Hills Rd 23 Lot 25 Hop Brook Rd 24 L42 WoodLot 25 L1 Tanglewood Rd 26 L2 Tanglewood Rd 27 272 Amity St 28 3 Bayberry Ln 29 L2 Kestrel Ln 30 L20 Hop Brook Rd 31 26 Teaberry Ln 32 550 Station Rd 33 49 Kestrel Ln 34 27 Woodlot Rd 35 43 Country Corner Rd 36 23 Alyssum Dr 37 147 Shutesbury Rd 38 22 Indian Pipe Ln Means: Standard Deviations: Medians:
TOWN A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A
PRICE NROOMS 89000 6 95000 5 99000 5 109900 6 114900 4 128000 6 129900 6 138000 9 138500 8 179900 6 179900 6 185000 6 188750 8 189900 7 235500 6 239900 7 249900 8 250000 9 259900 10 274900 12 279000 10 299900 11 325000 12 325500 9 329900 10 329900 9 332500 7 336900 10 349000 8 359900 10 374900 10 399900 11 415000 11 449900 8 500000 12 569000 12 650000 10 695000 14 $284,130 $150,162 $267,400 8.53 2.42 8.5
NBDR 3 2 2 3 1 3 3 5 3 3 3 3 4 4 3 3 4 5 4 5 4 4 4 4 4 4 3 3 4 5 4 5 4 4 5 4 4 6 3.71 0.98 4.0
NBATH ACRES 1.0 0.510 1.0 0.560 1.0 0.170 1.0 0.180 1.0 0.690 1.0 0.780 1.0 0.280 2.0 0.170 1.0 0.260 1.5 0.350 1.5 0.710 2.0 0.980 3.0 0.750 2.0 0.600 2.0 0.830 2.5 0.680 2.5 0.850 3.0 1.570 4.5 0.590 2.5 0.170 2.5 0.800 2.0 0.540 2.5 0.720 2.5 3.340 2.5 0.550 2.5 0.550 3.0 0.290 2.5 0.670 2.5 1.050 2.5 0.290 4.0 0.650 2.5 0.810 2.5 0.870 3.5 2.230 3.5 1.870 3.5 1.540 3.5 5.110 5.5 2.120 2.38 1.05 2.5 0.94 0.96 0.7
AGE 110 90 62 50 68 20 46 100 120 43 28 0 28 32 28 37 0 25 10 94 15 37 0 0 1 1 250 14 0 0 13 21 2 1 25 17 7 13 37.05 48.80 23.0
Relationship between Amherst Home Prices and the Number of Room $800,000 $700,000 $600,000 $500,000
Home Price ($)
f(x) = 48068.78x - 125719.34
$400,000 $300,000 $200,000 $100,000 $0 2 4 6 8 10 12
Number of Rooms
SUMMARY OUTPUT Regression Statistics Multiple R 0.925 R Square 0.855 Adjusted R Square 0.833 Standard Error 61436.413 Observations 38 ANOVA df Regression Residual Total 5 32 37 SS ### ### ### MS ### ### F Significance F 37.81 0
Intercept NROOMS NBDR NBATH ACRES AGE
Coefficients Standard Error -87082.52 46524.92 33613.77 8083.19 -26417.67 18657.85 52914.7 15599.12 58892.32 12381.57 35.55 228.58
t Stat P-value -1.872 0.070 4.158 0.000 -1.416 0.166 3.392 0.002 4.756 0.000 0.156 0.877
Lower 95% -181850.67 17148.85 -64422.46 21140.32 33671.89 -430.05
he Number of Rooms
10
12
14
16
ms
Upper 95% Lower 95.0%Upper 95.0% 7685.64 -181850.67 7685.64 50078.69 17148.85 50078.69 11587.12 -64422.46 11587.12 84689.08 21140.32 84689.08 84112.74 33671.89 84112.74 501.15 -430.05 501.15
OBSN
HOME 39 96 Avenue F 40 370-42 Mill Valley 41 29 Avenue A 42 L82 Avenue B 43 94 Channel Dr 44 370 Mill Valley Rd #52 45 259 Ave G 46 533 Avenue L 47 162 Amherst Rd 48 638 Federal St 49 622 Federal 50 99 Federal St 51 181 Mill Valley Rd 52 184 Stebbins St 53 62 Rockrimmon St 54 606 Warren Wright Rd 55 90 Metacomet St 56 141 Franklin St 57 16 Country Ln 58 45 Clark St 59 L120 Clark St 60 46 Clark St 61 L 61 Caldwell Ln 62 9 Forest Rd 63 91 Gold St 64 L 156F Orchard St 65 21 Autumn Ln 66 48 Clark St 67 L156E Orchard St 68 11 Sarah Ln 69 25 Ledgewood Circle 70 L 107 Dana Hill 71 L 36 N Liberty 72 73 Rural St 73 13 Sarah Ln 74 L 20 Kennedy Rd 75 37 Westview Dr 76 21 Clark St 77 195 Railroad St 78 9 Sarah Ln 79 115 Kennedy Rd 80 716 Federal St 81 L140 Greenwich Hill 82 L19 Kennedy Rd 83 L1 Kennedy Rd 84 33 Fuller St 85 40 Atherton Ln 86 L45 Hemlock Hollow 87 L9 Kennedy Rd
TOWN B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B
PRICE NROOMS 8000 5 18900 4 23900 6 32900 5 35000 5 39900 4 45000 5 47900 4 79900 4 84900 5 89900 4 99000 6 99900 5 99900 5 102000 6 118000 7 119000 6 129000 9 129900 5 134900 4 142000 7 147900 6 149000 6 149000 7 149000 7 149900 4 154900 8 154900 5 154900 6 155900 5 156900 7 157500 7 159900 7 159900 8 162900 6 164900 6 164900 7 165000 10 165000 7 165900 6 168900 7 169500 6 169900 7 169900 6 177900 6 179000 9 179900 7 179900 6 179900 6
NBDR 2 2 2 2 3 2 2 2 2 3 2 3 2 3 3 4 4 4 3 2 3 3 3 3 3 2 4 3 3 3 3 3 3 4 3 3 3 4 3 3 3 3 3 3 3 5 3 3 3
NBATH ACRES 1.0 0.000 1.0 0.000 1.0 0.000 1.0 0.000 1.0 0.360 1.0 0.000 1.0 0.000 1.5 0.000 1.0 0.900 1.0 0.230 1.0 0.570 1.0 0.570 1.0 1.230 1.0 1.530 1.0 0.300 1.0 2.060 1.0 0.840 1.0 0.910 1.0 0.450 1.5 0.230 2.0 0.240 2.0 0.230 1.5 0.250 2.0 1.700 1.5 0.950 1.0 0.950 2.0 1.110 2.0 0.230 2.0 0.960 2.0 0.490 2.0 0.950 1.5 0.000 2.5 0.930 1.5 3.640 2.5 0.470 2.5 0.460 2.0 0.940 1.0 0.250 1.5 14.000 2.5 0.460 1.5 0.460 1.5 5.160 2.5 0.230 2.5 0.470 2.5 0.670 2.0 0.230 2.5 0.260 2.5 0.920 2.5 0.520
AGE 30 28 23 22 51 14 20 16 50 50 52 200 42 43 15 39 28 200 27 1 1 0 1 22 3 1 12 0 1 1 22 1 1 30 8 1 13 9 12 1 0 17 1 0 0 38 0 1 0
88 L156M Orchard St 89 841 Federal St 90 L 49 Maplecrest Dr 91 73 Oakridge Dr 92 76 Oakridge Dr 93 L15 Oakridge Dr 94 L156L Orchard St 95 L32 Terry Ln 96 185 Oakridge Dr 97 124A Sheffield Dr 98 L29 Terry Ln 99 L56 Oakridge Dr 100 73 Metacomet 101 55 Segur Ln 102 L11 Nathaniel Way 103 175 Sheffield Dr 104 19 Cheryl Circle 105 194 North St 106 72 Canal Dr 107 159H Cheryl Circle 108 51 Deer Run 109 159K Cheryl Circle 110 169 Shea Ave 111 L124C Lexington Dr 112 124BB Waterfor Dr 113 L124BS Lexington Dr 114 722 Federal St 115 L22 Old Sawmill Rd 116 159L Cheryl Circle 117 L124BT Lexington Dr 118 L20 Old Sawmill Rd 119 159I Cheryl Circle 120 L124BZ Lexington Dr 121 11 Martin Circle 122 159P Cheryl Circle 123 195 Stebbins St Means: Standard Deviations: Medians:
B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B B
179900 189900 189900 194900 194900 194900 194900 194900 199900 199900 199900 209500 218500 219000 234900 244900 247500 249900 249900 259300 259900 274000 274984 279900 281000 284500 287200 288563 289700 289900 294900 299700 309900 329900 334600 418997 $180,091 $80,364 $169,900
6 10 7 8 8 7 8 7 7 7 7 7 6 8 8 8 7 8 10 8 8 8 7 8 10 9 6 9 10 8 10 8 9 12 8 9 6.91 1.69 7.0
4 5 3 3 3 3 4 3 3 3 3 3 3 4 4 4 4 4 3 4 3 4 3 4 4 4 3 4 4 3 4 4 4 6 4 4 3.24 0.77 3.0
2.5 2.0 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 1.0 2.5 2.5 2.5 2.5 2.0 2.5 2.5 3.0 2.5 2.0 2.5 2.5 2.5 2.0 2.5 2.5 2.5 2.5 3.0 2.5 3.5 3.5 2.5 1.98 0.68 2.0
0.970 1.750 1.230 0.910 0.930 0.920 4.140 2.370 1.140 0.000 0.930 13.000 1.500 1.350 6.010 0.920 1.330 2.500 4.140 0.930 1.190 0.920 22.600 1.070 0.960 0.960 5.920 1.020 0.920 0.970 1.030 0.920 1.140 0.960 2.550 40.000 2.10 5.25 0.9
1 150 1 1 1 1 1 1 1 1 1 1 60 10 0 1 3 28 15 0 11 1 6 0 1 0 5 1 1 0 1 0 0 3 0 8 17.22 35.73 1.0
Relationship between Belchertown Home Prices and Number of Rooms
450000 400000 350000 300000 250000
f(x) = 34852.04x - 60593
Home Price ($) 200000
150000 100000 50000 0 3 4 5 6 7 8 9 10 11 12 13
Number of Rooms
OBSN
HOME 1 228 Henry St 2 110 Henry St 3 234 Henry St 4 293 Belchertown Rd 5 143 South East St 6 34 Logtown Rd 7 340 Amity St 8 45 Phillips St 9 154 Summer St 10 295 Amity St 11 52 Elf Hill Rd 12 Lot 1 Old Farm Rd 13 1299 Bay Rd 14 1050 Bay Rd 15 15 Cortland Dr 16 585 Station Rd 17 Lot1 Arbor Way 18 30 Bridle Path 19 217 Aubinwood Rd 20 83 N Prospect St 21 18 Trillium Way 22 45 Hills Rd 23 Lot 25 Hop Brook Rd 24 L42 WoodLot 25 L1 Tanglewood Rd 26 L2 Tanglewood Rd 27 272 Amity St 28 3 Bayberry Ln 29 L2 Kestrel Ln 30 L20 Hop Brook Rd 31 26 Teaberry Ln 32 550 Station Rd 33 49 Kestrel Ln 34 27 Woodlot Rd 35 43 Country Corner Rd 36 23 Alyssum Dr 37 147 Shutesbury Rd 38 22 Indian Pipe Ln 39 96 Avenue F 40 370-42 Mill Valley 41 29 Avenue A 42 L82 Avenue B 43 94 Channel Dr 44 370 Mill Valley Rd #52 45 259 Ave G 46 533 Avenue L 47 162 Amherst Rd 48 638 Federal St 49 622 Federal
TOWN A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A B B B B B B B B B B B
PRICE NROOMS NBDR NBATH ACRES AGE 89000 6 3 1.0 0.510 110 95000 5 2 1.0 0.560 90 99000 5 2 1.0 0.170 62 109900 6 3 1.0 0.180 50 114900 4 1 1.0 0.690 68 128000 6 3 1.0 0.780 20 129900 6 3 1.0 0.280 46 138000 9 5 2.0 0.170 100 138500 8 3 1.0 0.260 120 179900 6 3 1.5 0.350 43 179900 6 3 1.5 0.710 28 185000 6 3 2.0 0.980 0 188750 8 4 3.0 0.750 28 189900 7 4 2.0 0.600 32 235500 6 3 2.0 0.830 28 239900 7 3 2.5 0.680 37 249900 8 4 2.5 0.850 0 250000 9 5 3.0 1.570 25 259900 10 4 4.5 0.590 10 274900 12 5 2.5 0.170 94 279000 10 4 2.5 0.800 15 299900 11 4 2.0 0.540 37 325000 12 4 2.5 0.720 0 325500 9 4 2.5 3.340 0 329900 10 4 2.5 0.550 1 329900 9 4 2.5 0.550 1 332500 7 3 3.0 0.290 250 336900 10 3 2.5 0.670 14 349000 8 4 2.5 1.050 0 359900 10 5 2.5 0.290 0 374900 10 4 4.0 0.650 13 399900 11 5 2.5 0.810 21 415000 11 4 2.5 0.870 2 449900 8 4 3.5 2.230 1 500000 12 5 3.5 1.870 25 569000 12 4 3.5 1.540 17 650000 10 4 3.5 5.110 7 695000 14 6 5.5 2.120 13 8000 5 2 1.0 0.000 30 18900 4 2 1.0 0.000 28 23900 6 2 1.0 0.000 23 32900 5 2 1.0 0.000 22 35000 5 3 1.0 0.360 51 39900 4 2 1.0 0.000 14 45000 5 2 1.0 0.000 20 47900 4 2 1.5 0.000 16 79900 4 2 1.0 0.900 50 84900 5 3 1.0 0.230 50 89900 4 2 1.0 0.570 52
50 99 Federal St 51 181 Mill Valley Rd 52 184 Stebbins St 53 62 Rockrimmon St 54 606 Warren Wright Rd 55 90 Metacomet St 56 141 Franklin St 57 16 Country Ln 58 45 Clark St 59 L120 Clark St 60 46 Clark St 61 L 61 Caldwell Ln 62 9 Forest Rd 63 91 Gold St 64 L 156F Orchard St 65 21 Autumn Ln 66 48 Clark St 67 L156E Orchard St 68 11 Sarah Ln 69 25 Ledgewood Circle 70 L 107 Dana Hill 71 L 36 N Liberty 72 73 Rural St 73 13 Sarah Ln 74 L 20 Kennedy Rd 75 37 Westview Dr 76 21 Clark St 77 195 Railroad St 78 9 Sarah Ln 79 115 Kennedy Rd 80 716 Federal St 81 L140 Greenwich Hill 82 L19 Kennedy Rd 83 L1 Kennedy Rd 84 33 Fuller St 85 40 Atherton Ln 86 L45 Hemlock Hollow 87 L9 Kennedy Rd 88 L156M Orchard St 89 841 Federal St 90 L 49 Maplecrest Dr 91 73 Oakridge Dr 92 76 Oakridge Dr 93 L15 Oakridge Dr 94...
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UMass (Amherst) - RESEC - 312
Lab Exam 2A Please use the data set Home Prices.xls for all analyses below. The data set can be found in the ResEc 312 folder on the server. The data set includes the following variables: PRICE - the price of the home in dollars. TOWN - the town in w
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OBSNHOME 1 228 Henry St 2 110 Henry St 3 234 Henry St 4 293 Belchertown Rd 5 143 South East St 6 34 Logtown Rd 7 340 Amity St 8 45 Phillips St 9 154 Summer St 10 295 Amity St 11 52 Elf Hill Rd 12 Lot 1 Old Farm Rd 13 1299 Bay Rd 14 1050 Bay Rd 15 1
UMass (Amherst) - RESEC - 312
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Ill. Chicago - MCS - 441
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UMass (Amherst) - RESEC - 312
Lab 10: Data Manipulations and Non-Linear ModelsObjectives: It is not unusual to have to make some modifications to your data before estimation. In the first part of the lab, well use Minitab to do some data manipulations. The second part of the lab
UMass (Amherst) - RESEC - 312
Exam 2 Practice ProblemsIntro. Econometrics Res. Economics 3121. Using the data in the file CPS1985-NonLin.mtw estimate the model(s) required to address the following questions. These are actual survey data collected in 1985 from 534 U.S. citizen
UMass (Amherst) - RESEC - 312
Regression Analysis: wage versus ed, exThe regression equation is wage = - 4.90 + 0.926 ed + 0.105 ex Predictor Constant ed ex Coef -4.904 0.92595 0.10513 SE Coef 1.219 0.08140 0.01720 T -4.02 11.38 6.11 P 0.000 0.000 0.000S = 4.59914R-Sq = 20.2
UMass (Amherst) - RESEC - 312
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UMass (Amherst) - RESEC - 312
year 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982qchik 27.8 29.9 29.8 30.8 31.2 33.3 35.6 36.4 36.7 38.4 40.4 40.3 41.8 40.4 40.7 40.1 42.7 44.1 46.7 50.6 50.1 51.7 52.9dinc 39
UMass (Amherst) - RESEC - 312
Regression Analysis: qchik versus pchik, ppork, pbeef, dincThe regression equation is qchik = 37.2 - 0.611 pchik + 0.198 ppork + 0.0695 pbeef + 0.00501 dinc Predictor Constant pchik ppork pbeef dinc Coef 37.232 -0.6112 0.19841 0.06950 0.005011 SE Co
Ill. Chicago - MCS - 441
HW for Mar 12 1) Write the sequence of configurations which the Turing machine below goes through on the following inputs. Remember that, if the head reads a symbol for which there is no arrow, by convention the machine goes to the rejecting state qr
UMass (Amherst) - RESEC - 312
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HW for Mar 14 1) Define a busy Turing Machine to be one which never stays, i.e. its transition function has the form : Q Q {L, R} (no S). Show that a language L is recognizable/decidable by a busy TM if and only if it is recognizable/decidable
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UMass (Amherst) - RESEC - 312
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UMass (Amherst) - RESEC - 312
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My Personal Data Set!Replicate 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 Year 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 200
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Chapter 1This lecture will help you understand: 0. The nature of environmental science 1. Natural resources and their importance 2. The scientific method and the scientific process 3. Pressures on the global environment 4. Sustainability The environ
UMass (Amherst) - RESEC - 312
PRS RF Student Clicker1. Turn on your clicker 2. Hit the * key to get to the setup menuSetup menu New class scan Two line display for indicating response and status of receiptScroll Keys Send/Enter Backspace AAA batteries used to keep fu
Ill. Chicago - MCS - 441
HW for Apr 14 For two sets M and N define N M to be the set of all functions from M to N , i.e. N M = {f : M N }. 1. Give an example for an element of (a) {0, 1}{0,1,2,3} , (b) {0, 1}N , (c) N{0,1,2} , and (d) NN . 2. Show that, if M and N are finit
UMass (Amherst) - RESEC - 312
PRS RF Student Clicker1. Turn on your clicker 2. Hit the * key to get to the setup menuTwo line display for indicating response and status of receiptSetup menu New class scanScroll KeysSend/EnterBackspaceAlpha, Numeric and T/F KeysAAA b
UMass (Amherst) - RESEC - 312
PRS RF Student Clicker1. Turn on your clicker 2. Hit the * key to get to the setup menuTwo line display for indicating response and status of receiptSetup menu New class scanScroll KeysSend/EnterBackspaceAlpha, Numeric and T/F KeysAAA b
UMass (Amherst) - RESEC - 312
1/28/2009Introductory Econometrics Dr. Daniel Lass TA: Ben Laine Website: http:/courses.umass.edu/resec312/ Prerequisites: Algebra, Statistics and Calculus. Texts and PRS: Gujarati, Essentials of Econometrics, 2nd Radio Frequency PRS transmi
UMass (Amherst) - RESEC - 312
PRSRFStudentClicker1. Turn on your clicker 2. Hit the * key to get to the setup menuTwo line display for indicating response and status of receiptSetup menu New class scanScroll KeysSend/EnterBackspaceAlpha, Numeric and T/F KeysAAA batt
UMass (Amherst) - RESEC - 312
I. II.A. B.Introduction StatisticalandNotationalPreliminariesIntroduction ElementsofStatisticalTheory 1. Prerequisites: RandomVariables R d V i bl Distributions:Populationvs.Sample DescriptiveMeasures Estimation Today Samplingdistributions. Infe
UMass (Amherst) - RESEC - 312
I. II.A. B.Introduction Statistical and Notational PreliminariesIntroduction Elements of Statistical Theory 1. Prerequisites: Random Variables R d V i bl Distributions: Population vs. Sample Descriptive Measures Estimation Sampling distribution
UMass (Amherst) - RESEC - 312
I. II.A. B.Introduction Statistical and Notational PreliminariesIntroduction Elements of Statistical Theory 1. Prerequisites: Random Variables R d V i bl Distributions: Population vs. Sample Descriptive Measures Estimation Sampling distribution
UMass (Amherst) - RESEC - 312
February 11 2009.GWB - Tuesday, February 17, 2009 - Page 1 of 12Captured on Wed Feb 11 2009 14:33:17February 11 2009.GWB - Tuesday, February 17, 2009 - Page 2 of 12Captured on Wed Feb 11 2009 14:35:22February 11 2009.GWB - Tuesday, February 1
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Name Adrian J Dennis Adrian J Dennis Adrianna Moreno Adrianna Moreno Adrienne Stephens Adrienne Stephens Alex Wallace Alex Wallace Alicia Kane Alicia Kane Alyssia Fanning Alyssia Fanning Anthony Caira Anthony Caira Anthony Ringie Anthony Ringie Ben P
UMass (Amherst) - RESEC - 312
I. II.A. B.Introduction Statistical and Notational PreliminariesIntroduction Elements of Statistical Theory 1. Prerequisites: Random Variables R d V i bl Distributions: Population vs. Sample Descriptive Measures Estimation Sampling distribution
UMass (Amherst) - RESEC - 312
Announcements Exam 1 Thursday, Feb. 26. Exams are in Lab, applied questions and theory. During your regularly scheduled Thursday lab. Friday lab schedule a time for Thursday evening using the Doodle link on the website. using the Doodle link
UMass (Amherst) - RESEC - 312
Announcements Exam1 Thursday,Feb.26. ExamsareinLab,appliedquestionsandtheory. During your regularly scheduled Thursday lab DuringyourregularlyscheduledThursdaylab. Fridaylab scheduleatimeforThursdayevening usingtheDoodlelinkonthewebsite. TermPr