hw3-spring04 - Econometrics: ECO 722: Homework 3 Due...

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Econometrics: ECO 722: Homework 3 Due Thursday, April 1 Youmustturninthisassignment before class begins on the due date. In this and all future assignments, you are to turn in neatly written answers to all questions. For the experiments, please turn in a listing of your programs in addition to any output and answers. Photocopies are not acceptable. Loose pages will not be accepted. You must use a staple or paper clip. 1 . This problem uses data on choice of heating system in California houses, the stata dataset for which is named home_heating.dta. The observations consist of single-family houses in California that were newly built and had central air-conditioning. The choice is among heating systems. Five types of systems are considered to have been possible: (1) gas central, (2) gas room, (3) electric central, (4) electric room, (5) heat pump. There are 4500 observations in the dataset for 900 houses with the following variables: id gives the house number (1-900) mode identi f es the alternative (1-5) choice identi f es whether the alternative was chosen (1) or not (0) installcost is the installation cost for the alternative
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hw3-spring04 - Econometrics: ECO 722: Homework 3 Due...

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