hprice1: hprice1

Description Usage Format Details Notes Source

Description

House prices and characteristics.

Usage

1
data("hprice1")

Format

A data frame with 88 observations.

price

house price, $1000s

assess

assessed value, $1000s

bdrms

number of bedrooms

lotsize

size of lot in square feet

sqrft

size of house in square feet

colonial

=1 if home is colonial style

Details

Collected from the real estate pages of the Boston Globe during 1990. These homes sold in the Boston, MA area.

Notes

Typically, it is very easy to obtain data on selling prices and characteristics of homes, using publicly available databases. It is interesting to match the information on houses with other information – such as local crime rates, quality of the local schools, pollution levels, and so on – and estimate the effects of such variables on housing prices.

Source

Jeffrey M. Wooldrige (2006): Introductory Econometrics: A Modern Approach, 3rd ed., Thomson South-Western.


jcpernias/ec1027 documentation built on Dec. 20, 2021, 10:03 p.m.