Housing Values in Suburbs of Boston

SUMMARY:

The Boston data frame has 506 rows and 14 columns.

DATA DESCRIPTION:

This data frame contains the following columns:

ARGUMENTS:

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.