data.rent {desk}

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

Format

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

rent	district's basic rent (in euro per square meter).
dist	distance between district and city center (in km).
share	share of rental properties considered for random selection.
area	usable area (in square meter).

Details

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

Source

Auer, L.v. (2023): Ökonometrie - Eine Einführung, 8th ed., Springer-Gabler (https://www.oekonometrie-lernen.de).

References

Auer, L.v., Hoffmann, S. & Kranz, T. (2023): Ökonometrie - Das R-Arbeitsbuch, 2nd ed., Springer-Gabler (https://www.oekonometrie-lernen.de)..