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Consider the regression model House Price B₁ + B₂ Size + u and suppose that we have another variable Season in our data
Posted: Wed Jul 06, 2022 12:14 pm
by answerhappygod
- Consider The Regression Model House Price B B Size U And Suppose That We Have Another Variable Season In Our Data 1 (19.73 KiB) Viewed 17 times
Consider the regression model House Price B₁ + B₂ Size + u and suppose that we have another variable Season in our data set such that Season 1 if the house is sold in spring Season 2 if the house is sold in summer Season 3 if the house is sold in autumn i Season 4 if the house is sold in winter We believe that the season affects the linear relationship (only the slope but not the intercept) between house price and size of the house, and we would like to account for this tactin How many additional regressors does the regression model require?