Boston Housing Prices

Description

A dataset containing the prices of houses in the Boston region and a number of features. The dataset and the following description is based on that provided by UCI Machine Learning Repository (http://archive.ics.uci.edu/ml/datasets/Housing).

Usage

data(housing)

Details

• CRIME: Per capita crime rate by town

• ZN: Proportion of residential land zoned for lots over 25,000 sq.ft.

• INDUS: Proportion of non-retail business acres per town

• CHAS: Charles River dummy variable (= 1 if tract bounds river; 0 otherwise)

• NOX: Nitrogen oxides pollutant concentration (parts per 10 million)

• ROOMS: Average number of rooms per dwelling

• AGE: Proportion of owner-occupied units built prior to 1940

• DISTANCE: Weighted distances to five Boston employment centres

• HIGHWAY: Index of accessibility to radial highways

• TAX: Full-value property-tax rate per ten thousand dollar

• PUPIL.TEACHER: Pupil-teacher ratio by town

• MINORITY: 1000(Bk - 0.63)^2 where Bk is the proportion of blacks by town

• LSTAT: Percent lower status of the population

• MED.VALUE: Median value of owner-occupied homes in thousands of dollars

References

Frank, A. & Asuncion, A. (2010). UCI Machine Learning Repository [http://archive.ics.uci.edu/ml]. Irvine, CA: University of California, School of Information and Computer Science.

Harrison, D. and Rubinfeld, D.L. Hedonic prices and the demand for clean air, J. Environ. Economics & Management, vol.5, 81-102, 1978.

Results