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desk (version 1.1.2)

data.rent: Average Basic Rent in City Districts

Description

This is a hypothetical data set on twelve districts of a city. The data describe the district's distance to the city center and the average basic rent (it excludes additional costs).

Usage

data.rent

Arguments

Format

A data frame with 12 observations on the following four variables:

rentdistrict's basic rent (in euro per square meter).
distdistance between district and city center (in km).
shareshare of rental properties considered for random selection.
areausable area (in square meter).

Details

In Auer (2023, Chap. 17) and Auer et al. (2024, Chap. 17) these hypothetical data are used to illustrate the consequences of heteroskedastic error terms.

References

Auer, L.v., Hoffmann, S. & Kranz, T. (2024): Ökonometrie - Das R-Arbeitsbuch, 2nd ed., Springer-Gabler (https://www.oekonometrie-lernen.de)..