Housing Values in Suburbs of Boston

Description

The Boston data frame has 506 rows and 14 columns.

Usage

data(Boston)

Format

This data frame contains the following columns:

crim

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 concentration (parts per 10 million)

rm

average number of rooms per dwelling

age

proportion of owner-occupied units built prior to 1940

dis

weighted mean of distances to five Boston employment centres

rad

index of accessibility to radial highways

tax

full-value property-tax rate per $10,000

ptratio

pupil-teacher ratio by town

black

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

lstat

lower status of the population (percent)

medv

median value of owner-occupied homes in $1000

Source

Harrison, D. and Rubinfeld, D.L. (1978) Hedonic prices and the demand for clean air. J. Environ. Economics and Management 5, 81–102.

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