Use the data below to estimate a linear regression model with home price as the...
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Finance
Use the data below to estimate a linear regression model with home price as the dependent variable and S&P500 EPS, Household income growth and population as independent variables.
Home Price Index
S&P 500 EPS ($)
Household income growth (%)
Population (millions)
30-Sep-20
208.6
99.25
4.89%
330.66
31-Aug-20
208.13
99.73
4.66%
330.53
31-Jul-20
208.65
100.39
4.26%
330.38
30-Jun-20
208.34
101.24
1.92%
330.33
31-May-20
206.83
107.64
2.29%
330.05
30-Apr-20
205.15
113.49
3.39%
329.73
31-Mar-20
203.16
118.54
-0.86%
329.59
29-Feb-20
201.56
126.12
-0.65%
329.46
31-Jan-20
200.08
134.33
1.21%
329.34
31-Dec-19
200.29
142.75
1.56%
329.14
30-Nov-19
201.2
140.38
5.09%
329.02
31-Oct-19
201.05
138.07
4.76%
328.89
30-Sep-19
200.48
136.14
2.37%
328.58
Is the coefficient for S&P 500 EPS statistically significant?
Yes it is statistically significant at 5% level.
No it is statistically insignificant.
Yes it is statistically significant at 0.05% level.
Yes it is statistically significant at 1% level.
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