New answers tagged statistics
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Interpretation of regression output for different models
Questions: (4)(5)(6)How to interpret the two coefficients of each of the models? What do we compare here? (7) How to interpret the 3 coefficients of this model? What is the main comparison?
Assuming ...
4
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Adding a subscripts for P (price) in equation
You should write:
$$
P_{i,j,k} = f(L_i,S_j, E_k).
$$
4
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Accepted
Functional form for regression in a hedonic pricing model
It is widely considered that economic theory does not suggest any particular functional form for a hedonic pricing model. See for example Cassel & Mendelsohn 1985 which references several sources ...
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