A sample consists of 500 houses sold in Karachi between Jamuary 2020 and December 2020. The multiple linear regression analysis is carried out to predict the house prices for investment in residential...

Extracted text: A sample consists of 500 houses sold in Karachi between Jamuary 2020 and December 2020. The multiple linear regression analysis is carried out to predict the house prices for investment in residential properties in Karachi, Pakistan. The output below is produced using SPSS. (300 words) Table: Coefficients Model Unstandardized Coefficients VIF Constant 14.208 5.736 Age of house -0.299 -2.322 1.58 Square footage of the house 0.364 2.931 1.71 Income of families in the area p.004 0.392 1.01 Transportation time to major markets -0.337 -2.619 1.90 R? = 0.67; DW = 2.08 Dependent Variable: House price (Pakistani rupees in Million) a) You are required to write the multiple regression equation. b) How would you interpret the above Output' of a regression analysis performed in SPSS? c) From the above results, what can you say about the nature of autocorrelation? d) Is there multicollinearity in regression? How do you know?