This file contains data on 9 houses sold in the suburbs of a large U.S. city in 2021. Use the data to answer questions 1

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This file contains data on 9 houses sold in the suburbs of a
large U.S. city in 2021.
Use the data to answer questions 1 to
7 below.
You may use Gretl to estimate all
models.
All numerical answers should be stated to 2 decimal
places.
The full list of variables and variable descriptions are as
follows:
PRICE = sale price, dollars
BEDROOMS = number of bedrooms
BATHS = number of full baths
SQFT = total square feet
FLOOR = number of floors
WATERFRONT = 1 if on the waterfront
CONDITION = rating of condition on a scale of 1 to 5
YR_BUILT = year of construction
1:Estimate the following simple regression model for all the
observations in your sample:
𝑃𝑅𝐼𝐶𝐸=𝛽0+𝛽1𝑆𝑄𝐹𝑇+𝑢
State and interpret the estimated coefficients.
PLEASE DONT JUST PROVIDE THE ANSWER AND PLEASE EXPLAIN HOW YOU
DID IT, PLEASE PROVIDE THE EQUATION YOU USED TO GET THE ANSWER FROM
GRETL.
2: Estimate the following simple regression model for all the
observations in your sample:
𝑃𝑅𝐼𝐶𝐸=𝛽0+𝛽1𝑆𝑄𝐹𝑇2+𝑢
Compute the marginal effect of an additional square foot of living
area in a home with the sample median square feet of living space.
Interpret your result.
PLEASE DONT JUST PROVIDE THE ANSWER AND PLEASE EXPLAIN HOW YOU
DID IT, PLEASE PROVIDE THE EQUATION YOU USED TO GET THE ANSWER FROM
GRETL.
THERE IS NO MORE INFORMATION TO PROVIDE THIS IS THE QUESTION