Computer Engineering Commons^™

An Investigation Into The Effectiveness Of Hedonic Features In Regression Models For Domestic Rental Prices, Peter Prunty

Dissertations

Housing is a fundamental human right. Increasing rents and rising unemployment contribute to increased rates of homelessness. Traditionally housing prices are determined by supply and demand. This project will investigate the relationship between hedonic features and domestic rental prices in California and New York, using multivariate regression models. The literature outlines a number of approaches taken to model real estate pricing using hedonic regression.

Two models were created to analyse the difference between California and New York. Features were selected using correlation analysis. Some features were derived using logarithmic and dummy feature transformations. The models themselves were evaluated by assessing …