Unformatted text preview: more traditional neighborhoods, whereas neighborhood 3 is a newer, more prestigious, neighborhood. Use regression to estimate and interpret the pricing stuctrue of houses in Mid City. Here are some considerations. 1 Is there a “premium” for a brick house, everything else being equal? 2 Is there a “premium” for a brick house, everything else being equal? 3 Is there an extra premium for a brick house in neighborhood 3, in addition to the usual premium for a brick house? 4 For purposes of estimation and prediction, could neighborhoods 1 and 2 be collapsed into a single “older” neighborhood?...
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- Spring '10
- Semi-detached, brick house, newer neighborhoods, Mid City