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Business, 01.07.2019 20:50 momoney5746

Provide an economic interpretation for the coefficient for “age” all else equal, houses depreciate (=decrease in value), on average, at a rate of $3.5 thousand for each additional year of age. all else equal, houses depreciate (=decrease in value), on average, at a rate of $2 thousand for each additional year of age. all else equal, houses with an unfinished basement depreciate (=decrease in value), on average, at a rate of $3.5 thousand for each additional year of age. all else equal, houses with a finished basement depreciate (=decrease in value), on average, at a rate of $3.5 thousand for each additional year of age. all else equal, houses with a finished basement, 2 bedrooms and 2 bathrooms depreciate (=decrease in value), on average, at a rate of $3.5 thousand for each additional year of age.

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