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  USA  20005
  • Authors:
    • Slater, P B
  • Publication Date: 1973-9

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Filing Info

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