Description Usage Format Details Notes Source
House prices and characteristics.
1 | data("hprice1")
|
A data frame with 88 observations.
house price, $1000s
assessed value, $1000s
number of bedrooms
size of lot in square feet
size of house in square feet
=1 if home is colonial style
Collected from the real estate pages of the Boston Globe during 1990. These homes sold in the Boston, MA area.
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.
Jeffrey M. Wooldrige (2006): Introductory Econometrics: A Modern Approach, 3rd ed., Thomson South-Western.
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