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Inferential Statistics Blogpost

Housing Values in Suburbs of Boston

  • The medv variable is the target variable.
  • Data description - The Boston data frame has 506 rows and 14 columns.

This data frame contains the following columns:

  • crim
    per capita crime rate by town.
  • zn
    proportion of residential land zoned for lots over 25,000 sq.ft.
  • indus
    proportion of non-retail business acres per town.
  • chas
    Charles River dummy variable (= 1 if tract bounds river; 0 otherwise).
  • nox
    nitrogen oxides concentration (parts per 10 million).
  • rm
    average number of rooms per dwelling.
  • age
    proportion of owner-occupied units built prior to 1940.
  • dis
    weighted mean of distances to five Boston employment centres.
  • rad
    index of accessibility to radial highways.
  • tax
    full-value property-tax rate per $10,000.
  • ptratio
    pupil-teacher ratio by town.
  • black
    1000(Bk - 0.63)^2 where Bk is the proportion of blacks by town.
  • lstat
    lower status of the population (percent).
  • medv
    median value of owner-occupied homes in $1000s.

Kaggle link to Boston Housing Dataset

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