Measuring the Determinants of Relative House Prices
- 1 June 1973
- journal article
- research article
- Published by SAGE Publications in Environment and Planning A: Economy and Space
- Vol. 5 (3) , 357-367
- https://doi.org/10.1068/a050357
Abstract
A model of the determinants of relative house prices was formulated and used to obtain estimates of the importance of various aspects of the dwelling and its environment. Two estimation techniques were employed: multiple regression analysis and the method of principal components. The results of the two exercises are compared and the relative efficiency of the estimation techniques is assessed in relation to the problem of multicollinearity.Keywords
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- The Economics of Housing: A Survey1Social Policy & Administration, 1971
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