AppliedNumeric answer
Pricing houses in logs · Part 2 of 3
You build a model for house sale prices, regressing on and other features. The coefficient on log floor area is 0.8, and the residual standard deviation of log price is 0.3.
The model predicts a log price for a house. By what percentage does the expected price exceed , assuming normal residuals?
Answer with a number. Fractions, powers and expressions like 23/6 or C(52,5) are read correctly in practice.
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