The below dataset AirBnB2 lists the daily price for a sample of rental properties. The data shows the number of reviews of the property, the number of days available during the year, and whether the rental is a shared space or the entire house/apartment. In addition, the response variables is the daily price of the rental.
(A) Code the variable room_type as Entire house = 1 and Shared rental = 0. Report the estimated regression equation predicting the price as a function of number of reviews, availability, and whether it is a shared space or entire house in the space provided below. There are three independent variables and one response variable.
(B) In addition, use the model to predict the price for a rental that is the entire house, has 100 reviews, and is available 365 days a year. Write your response in the space provided below.
(C) Interpret the slope coefficient for the number of days available variable (availability_365) in context to this problem in the space provided below.
Round all the coefficients and answers to three decimal places.
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