Briefly define and give a specific example of:A.1. Regression analysisA.2. R2A.3. Adjusted R2A.4. t statisticA.5. dummy variableA.6. hedonic regressionA.7. logarithmic transformation
B.1. Explain how each of the following affects the bid-rent function/size of the city.•Increase P•Increase w•Increase k•Increase t•Increase aSee Figure 1