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Description of the dataset The dataset includes state-level data from the 1980 census on the
median dollar value of owneroccupied housing (hsngval) and the median monthly gross rent
(rent). 1. Estimate the regression model rent as a function of hsngval and the percentage of the
population living in urban areas (pcturban). 2. Take population density (popden) as an additional
regressor and compare both Model 1 & Model 2. 3. Is housing growth (hsnggrow) an important
determinant of rent after controlling for hsngval and pcturban? 4. Is population growth
(popgrow) an important predictor of housing growth? 5. Take peturban as an additional regressor
to explain housing growth and compare both the model. 6. Are the rents significantly different
across different regions? 7. What is the average rent for each region? 8. Estimate the model
hsngval as a function of family income (faminc) and region of the state (region_id).
6:32 PM Tue 21 Mar X rent new.xisx

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Description of the dataset The dataset includes state-level data from.pdf

  • 1. Description of the dataset The dataset includes state-level data from the 1980 census on the median dollar value of owneroccupied housing (hsngval) and the median monthly gross rent (rent). 1. Estimate the regression model rent as a function of hsngval and the percentage of the population living in urban areas (pcturban). 2. Take population density (popden) as an additional regressor and compare both Model 1 & Model 2. 3. Is housing growth (hsnggrow) an important determinant of rent after controlling for hsngval and pcturban? 4. Is population growth (popgrow) an important predictor of housing growth? 5. Take peturban as an additional regressor to explain housing growth and compare both the model. 6. Are the rents significantly different across different regions? 7. What is the average rent for each region? 8. Estimate the model hsngval as a function of family income (faminc) and region of the state (region_id). 6:32 PM Tue 21 Mar X rent new.xisx