Housing Choice

(US 603- 2019) Assignment 1

PARAM SHAH | SANJEET SAHOO | UMANG KUMAVAT| SAYAN DAS
 • statistical technique
• used to determine correlation
Regression between different data points
• results can then be used to
Analysis predict future results
• determines how different
independent variables influence a
single dependent variable..
 • Willingness to choose houses with higher
Hypothesis rent by people with higher education and
employment
tested • Willingness to pay more rent as walkability
how friendly an area is to walking
Relationship between Rent and
Other Hedonic Variables

Slope: 8158.46 Slope: 30.17

Relationship between rent and
Education/Employment

Slope: 236.03 Slope: 308.47

Relationship between walkability and rent

Slope: 18.89
Conclusion
• Positive correlation among physical factors such as rent and number
of rooms and total area
• Positive correlation among rent and Education, Employment status
• Positive correlation among rent and walkability
Thank you.