Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. asume you are using multiple regression analysis t

Asume you are using multiple regression analysis to estimate the market value of a home....

50.1K

Verified Solution

Question

Accounting

image
Asume you are using multiple regression analysis to estimate the market value of a home. Using a large sample of recent comparable transactions, you regress the sale prices of the comparable properties on a set of four characteristics. The results of the regression are contained in the table. X variables Coefficient ("Beta") estimate Square footage 125.0 Age of property -1,500 Lot size (in acres) 75,000 Swimming pool (0/1 variable) 12.000 Constant 3,043 The subject home has 2,700 square feet of space, is 15 years old, and sits on a half-acre lot. It does not have a swimming pool. What is the estimated market value of the subject property? $352,500 $400,543 $367,543 O None of the selections is within $10 of the correct answer $355,543

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

9 From elementary molecular orbital theory we can deduce the electronic configuration of the singly...

Physics
Q

(a) Does the assumption of diminishing marginal product of an inputs x1 and x2 imply strictly convex...

Economics
Q

Explain the reasons for the gender pay gap in the United States. How would a system...

Psychology
Q

Find two scholarly articles that examine a public policy issue in health care. Then, in 750-1,250...

Psychology
Q

10 300 c 0 125 cm g 0 516 J gm 3 Calculate the reversible...

Physics
Q

View In English The system is pushed by a force F as shown in figure...

Physics
Q

The process of identifying measuring analyzing and communicating financial information needed by management to plan...

Basic Math
Q

The Omega Company manufactures customized motors on a job-order basis. Job 492 is an order...

Accounting
Q

Barrett, Inc., has a total debt ratio of .57, total debt of $317,000, and net...

Accounting
Q

c11 q2 WACC. Grey's Pharmaceuticals has a new project that will require funding...

Finance
Q

A project has an initial cost of $190,000 and is estimated to produce cash flows...

Finance
Q

Partner Bonus Gomez has a capital balance of $240,000 after adjusting assets to fair market...

Accounting