Regression of the Natural Logarithm

Answer all these questions:

Question 1:

The file HousePrices.dta contain observations on the selling price and various characteristics of a sample of 321 homes from the years 1978 and 1981.

Part A:

  • Run a regression of price (in dollars) on appropriate controls for age, age squared, house size, number of rooms, number of bathrooms, lot size,neighbourhood, and the year of sale. Report your results.
  • Interpret each of the coefficients and discuss its statistical significance.
  • Test the significance of the effect of neighbourhood on price.  Discuss your results.
  • Test the overall significance of the model. Discuss your results.
  • Use a RESET test to determine whether there are non-linearities that your specification has failed to account for, Discuss your results.

Part B:

  • Run a regression of the natural logarithm (ln)of price on appropriate controls for age, age squared, the ln of house size, number of rooms, number of bathrooms, the ln of lot size, the neighbourhood, and the year of sale.  Report your results.
  • Interpret each of the coefficients and discuss its statistical significance.
  • Use a RESET test to determine whether there remain non-linearities that your specification has failed to account for. Discuss your results.
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A Plan for a Project Management 

Project Proposal

A lot of people who live on their own are sometimes struggling to everyday things, worse yet some are people who should always have someone by their side but either cannot afford it or do not have the luxury.  Old people make up a good majority of people that fall into that category, and they could still see an improvement in their life if it was different.

There is no substitute for having the companionship of another person that’s ready to help you out in need but a second best would be to automate certain aspects of the lonesome life. In particular, a lot of harm comes from old people not having the same strength, balance and of their senses which could lead to falls. This would be even more harmful and potentially fatal if they become immobilized and cannot call for help.

A good solution would start with helping these disadvantage people to stay connected and be connected for them if they cannot overcome a life threatening obstacle.

The idea would be to create a device that exceeds those that are already on the market such as lifeline (which relies completely on the person’s mental acuity to push a button during an emergency).The goal would be to have an automated system that can monitor a person’s wellbeing in some capacity.

We will not be exploring EMF alternative solutions.

1. Project: Build a Body monitoring device sensitive to falls
2. Functional Specs:
a) Monitor motion and movement
b) Create a personal profile of “normal” behavior 
c) If there are benign health queues to mention, inform wearer

d) Allow for a third party to be able to have a status of wearer’s condition
e) Alert third party of abnormal, erratic behavior or break from routine
f) Have the means to contact emergency services if the situation calls for it


3.Constraints:
a) Should not cost more than $200
b) Should work with both Android and IOS to communicate with third party or emergency services through an app. 
c) The wearable device should be comfortable,attractive, and not a nuisance to use. 

  1. Project Name: LineLife
  2. Sponsor: Vinod
  3. Group#:12
  4. Group Members: Boris Bagryanskiy, Kezia,Butcher Ryan Hoke
  5. Brief Description:  Create a wearable device unlike the size of a wristwatch to monitor a persons movements and motions as well as heart rate. Have smartphone app for setting and calibration as well as to be able to contact third party or emergency services
  6. Functional Requirements: MPU 6050, Arduino, induction charger,Bluetooth board, and battery modules

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