SPATIAL AND TEMPORAL EFFECTS IN RESIDENTIAL SALE PRICES

To assess the extent of the impact upon housing prices of the introduction of a modern suburban rapid transit service, a two-way unbalanced analysis of variance model is estimated with residential sales price data. Inflationary and time stable neighborhood effects are accounted for in this manner. The first term of the singular decomposition of the interaction matrix summarizes the interaction, and may indicate the nature of the impact. Since the residuals from the additive model are too dispersed and negatively skewed to be normally distributed, the application of outlier-editing and robust estimation procedures is discussed.

• Corporate Authors:

  American Statistical Association

  806 15th Street, NW
  Washington, DC  United States  20005
• Authors:
  • Slater, P B
• Publication Date: 1973-9

Media Info

• Features: References; Tables;
• Pagination: 8 p.
• Serial:
  • American Statistical Association, Journal of
  • Volume: 68
  • Issue Number: 343
  • Publisher: American Statistical Association

Subject/Index Terms

• TRT Terms: Mathematical models; Rapid transit
• Identifier Terms: Lindenwold Line
• Uncontrolled Terms: Models
• Subject Areas: Operations and Traffic Management; Passenger Transportation; Planning and Forecasting; Public Transportation; Railroads;

Filing Info

• Accession Number: 00051912
• Record Type: Publication
• Source Agency: American Statistical Association, Journal of
• Files: TRIS
• Created Date: Apr 26 1982 12:00AM