By the end of Week 8, you are to submit at least a 3-5 page Summary Paper on this exercise….

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By the end of Week 8, you are to submit at least a 3-5 page Summary Paper on this exercise. Use gretl to 

run the HOUSE11.xls data file. Follow along and answer the questions posed in the Exercise:

What are the expected signs of the coefficients?

Which variables seem potentially redundant?

Which variables must you include?

What functional modifications to the equation could be made?

• Keep in mind that a major section of your paper should be devoted to arguing why you have 

specified your Independent Variables and if you left any out, why.