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Hi, I am doing Introductory Econometrics and would like to know which one of these variables I must substitute for the given equations. price = house...

Hi, I am doing Introductory Econometrics and would like to know which one of these variables I must substitute for the given equations.


price = house price, dollars.

sqmt = total living area in square metre (m2)

bdrms = number of bedrooms

age = age of house in years

traditional = 1 if traditional style; = 0 if other, such as townhouse, contemporary, etc. 


  1. ???????????????????????? = ???????? + ???????????????????????????? + ????????
  2. ???????????????????????? = ???????? + ???????????????????????????? + ???????????????????????? + ???????????????????????????????? + ???????? 


Thank you.

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Equation is: y = b o +... View the full answer

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