Hedonic {plm} | R Documentation

## Hedonic Prices of Census Tracts in the Boston Area

### Description

A cross-section

number of observations : 506

observation : regional

country : United States

### Usage

    data(Hedonic)

### Format

A dataframe containing:

mv

  median value of owner–occupied homes

crim

  crime rate

zn

  proportion of 25,000 square feet residential lots

indus

  proportion of no–retail business acres

chas

  is the tract bounds the Charles River?

nox

  annual average nitrogen oxide concentration in parts per hundred million

rm

  average number of rooms

age

  proportion of owner units built prior to 1940

dis

  weighted distances to five employment centers in the Boston area

rad

  index of accessibility to radial highways

tax

  full value property tax rate ($/$10,000)

ptratio

  pupil/teacher ratio

blacks

  proportion of blacks in the population

lstat

  proportion of population that is lower status

townid

  town identifier

### Source

Online complements to Baltagi (2001):

http://www.wiley.com/legacy/wileychi/baltagi/

Online complements to Baltagi (2013):

http://bcs.wiley.com/he-bcs/Books?action=resource&bcsId=4338&itemId=1118672321&resourceId=13452

### References

Baltagi, Badi H. (2001) Econometric Analysis of Panel Data, 2nd ed., John Wiley and Sons.

Baltagi, Badi H. (2013) Econometric Analysis of Panel Data, 5th ed., John Wiley and Sons.

Belsley, D.A., E. Kuh and R. E. Welsch (1980): Regression Diagnostics: Identifying Influential Data and Sources of Collinearity, John Wiley, New York.

Harrison, D. and D.L. Rubinfeld (1978): “Hedonic housing prices and the demand for clean air”, Journal of Environmental Economics and Management, 5(1), pp. 81–102.

[Package plm version 1.6-6 Index]