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are106-homework-3

are106-homework-3 - Econometrics Homework 3 ARE 106...

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ARE 106 Econometrics Homework 3 Winter 2009 A. Havenner Computer Problems: 1. Data 3-1 contains observations on 14 San Diego area house sizes and the prices they sold ~or in 1990. See DatalRead info for the specific details. Open this dataset by selecting File/Open data/Sample file, double click data3-1 House prices and square feet. Paste the Gretl output such as Summary statistics, OLS regression results, and any tables or plots into your editable output file, leaving room to write in any analysis requested by the questions. (It is easy to type in sentences without Greek symbols; sometimes it is easier to write in neatly by hand certain mathematical results.) In your work below, you will have to ignore the statistics that have not yet been discussed which Gretl automatically calculates and reports at the bottom of the OLS results. [3] a. Is this dataset time series or cross section data? Why, very briefly? Obtain the summary statistics for the prices and square feet and write a single sentence for each reporting the mean and standard deviation. Be sure to identify the units in which each of

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are106-homework-3 - Econometrics Homework 3 ARE 106...

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