Research Article

Housing Price Prediction Based on Multiple Linear Regression

Table 1

Description of each variable.

VariableDescription

LstatThe proportion of lower-income groups in the region
IndusPercentage of nonretail business in the region
NoxNitric oxide concentration (per 10 million)
taxFull property tax rate per 10,000 US dollars
crimThe average crime rate in the town
ptratioThe student-teacher ratio in the town
ageThe proportion of the self-built property before 1940
radRadial accessibility index to highway
chasCharles River (a dummy variable)
znThe proportion of property land area larger than 25,000 square feet
disThe weighted average distance from the property to 5 employment centers in Boston
rmThe average number of rooms per house