HousePrices {AER} | R Documentation

## House Prices in the City of Windsor, Canada

### Description

Sales prices of houses sold in the city of Windsor, Canada, during July, August and September, 1987.

### Usage

    data("HousePrices")

### Format

A data frame containing 546 observations on 12 variables.

price

  Sale price of a house.

lotsize

  Lot size of a property in square feet.

bedrooms

  Number of bedrooms.

bathrooms

  Number of full bathrooms.

stories

  Number of stories excluding basement.

driveway

  Factor. Does the house have a driveway?

recreation

  Factor. Does the house have a recreational room?

fullbase

  Factor. Does the house have a full finished basement?

gasheat

  Factor. Does the house use gas for hot water heating?

aircon

  Factor. Is there central air conditioning?

garage

  Number of garage places.

prefer

  Factor. Is the house located in the preferred neighborhood of the city?

### Source

Journal of Applied Econometrics Data Archive.

http://qed.econ.queensu.ca/jae/1996-v11.6/anglin-gencay/

### References

Anglin, P., and Gencay, R. (1996). Semiparametric Estimation of a Hedonic Price Function. Journal of Applied Econometrics, 11, 633–648.

Verbeek, M. (2004). A Guide to Modern Econometrics, 2nd ed. Chichester, UK: John Wiley.

### Examples

    data("HousePrices")

    ### Anglin + Gencay (1996), Table II
    fm_ag <- lm(log(price) ~ driveway + recreation + fullbase + gasheat +
      aircon + garage + prefer + log(lotsize) + log(bedrooms) +
      log(bathrooms) + log(stories), data = HousePrices)

    ### Anglin + Gencay (1996), Table III
    fm_ag2 <- lm(log(price) ~ driveway + recreation + fullbase + gasheat +
      aircon + garage + prefer + log(lotsize) + bedrooms +
      bathrooms + stories, data = HousePrices)

    ### Verbeek (2004), Table 3.1
    fm <- lm(log(price) ~ log(lotsize) + bedrooms + bathrooms + aircon, data = HousePrices)
    summary(fm)

    ### Verbeek (2004), Table 3.2
    fm_ext <- lm(log(price) ~ . - lotsize + log(lotsize), data = HousePrices)
    summary(fm_ext)

    ### Verbeek (2004), Table 3.3
    fm_lin <- lm(price ~ . , data = HousePrices)
    summary(fm_lin)

[Package AER version 1.2-4 Index]