Homework 1: Macromarket Analysis

How did you obtain the regression results for Houston in problem 1?

Regress vacancy for Houston (the dependent variable) against time(t), time squared (t²), time cubed(t³), time quadrupled(t⁴) as the 4 independent variables.

Angus Cartwright Case

What's the depreciable base for a leasehold property?

If a property is a leasehold such as for the Fowler Building or Ivy Terrace, the Gross Purchase Price is the depreciable base since you really don't own the land.