% data on 25,357 single family homes sold in Lucas County, Ohio, 1993-1998 % from the county auditor % 24 columns of information % col1 = price, selling price % col2 = yrbuilt, year built % col3 = stories code, 1=one, 2=bilevel,3=multilvl,4=one+half,5=two,6=two+half,7=three % col4 = TLA, total living area in square feet % col5 = Wall code, 1=stucdrvt,2=ccbtile,3=metlvnyl,4=brick,5=stone,6=wood,7=partbrk % col6 = #beds, # of bedrooms % col7 = #baths, # of full bathrooms % col8 = #halfbaths, # of half bathrooms % col9 = frontage, frontage in feet % col10 = depth, depth in feet % col11 = garage type code,0=no garage,1=basement,2=attached,3=detached,4=carport % col12 = garage sqft, garage size in square feet, or zero for no garage % col13 = #rooms, # of rooms % col14 = lotsize, lotsize in square feet % col15 = sale date sale date in format, yymmdd, e.g., Oct 17, 1997 = 971017 % col16 = assessed value, auditor's assessed value % col17 = longitude, location % col18 = latitude, location % col19 = sold93, a year of sale dummy, 1=1993 % col20 = sold94, 1=1994 % col21 = sold95, etc. % col22 = sold96 % col23 = sold97 % col24 = sold98 load house.dat; y = log(house(:,1)); % log of the selling price n = length(y); % # of observations % create explanatory variables matrix yearblt = house(:,2); age = 1999 - yearblt; % age of the house in years age = age/100; lotsize = log(house(:,14)); rooms = house(:,13); bedrooms = house(:,6); livinga = log(house(:,4)); x = zeros(n,8); % an explanatory variables matrix x(:,1) = ones(n,1); % an intercept term x(:,2) = age; % house age x(:,3) = age.*age; % house age-squared x(:,4) = age.*age.*age; % house age-cubed x(:,5) = lotsize; % log of the house lotsize x(:,6) = rooms; % the # of rooms x(:,7) = livinga; % log of the total living area in the house x(:,8) = bedrooms; % the # of bedrooms vnames = strvcat('log(price)','constant','age','age2','age3','lotsize','rooms','tla','beds'); result0 = ols(y,x); % ols() is a toolbox function for least-squares estimation prt(result0,vnames); % print results using prt() toolbox function