Set of Var

VALUE : Current
Metro3 : Metropolition sta
Region : The four census regions—Northeast, Midwest,
BEDRMS : Number of Bedroom
BUILT : Year th
ROOMS : Number of r
ZADEQ : Adequacy of unit (D
LMED
FMR : F
ZSMHC : Mon
UTILITY : Mo
OTHERCO

Used Natural Log(LN) for following Variables in

Interpre
Ln(VALUE) = β0 + β1D Metro + β2Northeast + β3Midwest + β4S
ZADEQ + β11Ln(ZSMHC)

R2 and Adjusted R2: Both are about 0.54 i.e. this regression e

Coefficients: All p values are b

β0: It is not relevant interpretation, as in a s

β1: Central city is lower in value by -0.095 to any other metro
other variable
β2 :All other variables at same level market v
β3: All other variables at same level market v
β4 :All other variables at same level market
β5 :For every 1% increase in Area median income market valu
β6: For every 1% increase in Fair Market Monthly Rent marke
 other variable
β2 :All other variables at same level market v
β3: All other variables at same level market v
β4 :All other variables at same level market
β5 :For every 1% increase in Area median income market valu
β6: For every 1% increase in Fair Market Monthly Rent marke

β7: Increase in Bedroom by 1 decreases the mark

β8: Recent the Build year by 1 increases the mark
β9: Every additional room increases the marke
β10: Adequate unit(1) increases price of unit b
β11: For every 1% increase in monthly housing cost of unit m
β12: For every 1% increase in utility market value
β13: For every 1% increase in other cost the market va
 Set of Variables used in Regression

VALUE : Current market value of unit (Y Variable).

: Metropolition status necessary to calculate value (Dummy).
rtheast, Midwest, South, and West. value may be more or less in specific region (Dummy).
mber of Bedrooms in the unit. necessary factor to interpret value.
BUILT : Year the unit was built. age of building.
OMS : Number of rooms in the unit. very important factor.
Adequacy of unit (Dummy). adequancy of unit detemines value.
LMED : Area Median Income.
FMR : Fair Market Monthly Rent.
ZSMHC : Monthly housing costs of the unit.
UTILITY : Monthly utilities cost in the unit.
OTHERCOST : Other Costs of the unit.

owing Variables in Regression 3: as all these variables have Numerical($) values.

Value
Lmed
FMR
ZSMHC
Utility
Othercost

Interpretation of Regression 3 :
+ β3Midwest + β4South + β5Ln(LMED) + β6Ln(FMR) + β7BEDRMS + β8BUILT + β9ROOMS + β
Q + β11Ln(ZSMHC) + β12Ln(UTILITY) + β13Ln(OTHERCOST)

. this regression explains about 52 percent of variation in Housing value units rest 48 percent
not.

All p values are below .05 which indicates statistical significance.

pretation, as in a situation when all 'X' variables are zero does not make sense.
o any other metropolitian status or when it is Central city the market value is lower by 9.5%, a
other variables remaining at the same level.
me level market value is lower in North east by 14.85% when compared to West.
ame level market value is lower in Mid west by 33.02% when compared to West.
same level market value is lower in South by 26.96% when compared to West.
ncome market value of unit increases by 28.60%, all other variables remaining at the same lev
onthly Rent market value of unit increases by 52.22%, all other variables remaining at the sam
level.
 other variables remaining at the same level.
me level market value is lower in North east by 14.85% when compared to West.
ame level market value is lower in Mid west by 33.02% when compared to West.
same level market value is lower in South by 26.96% when compared to West.
ncome market value of unit increases by 28.60%, all other variables remaining at the same lev
onthly Rent market value of unit increases by 52.22%, all other variables remaining at the sam
level.
ecreases the market value by 69.05%, all other variables remaining at the same level.
ncreases the market value by 0.18%, all other variables remaining at the same level.
reases the market price by 10.8%, all other variables remaining at the same level.
ses price of unit by 17.48% than other, all other variables remaining at same level.
sing cost of unit market value increases by 30.12%, all other variables remaining at same leve
lity market value decreases by 3.65%, all other variables remaining at the same level
ost the market value increases by 22.86%, all other variables remaining at the same level.
 gion (Dummy).

lues.

T + β9ROOMS + β10D

its rest 48 percent is

se.
s lower by 9.5%, all

West.
est.
st.
ng at the same level.
maining at the same
West.
est.
st.
ng at the same level.
maining at the same

me level.
me level.
level.
level.
ining at same level.
ame level
he same level.
 Data Descriptors
(Please report any descriptive statistics on the data that you calculate)
u calculate)
 Graphs and Charts
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in this worksheet)
 Statistical Tests
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nducted using the data.)