in hedonic model , this variable describes the characteristics of the local area in which the property is located and census data are a good indicator of these attributes, such as local unemployment rates, the percentage of households without access to a car and the percentage of single parents
NEIGHBOURHOOD VARIABLE
Meaning of NEIGHBOURHOOD VARIABLE in English
Sean Woo's Finance, GIS and real estate English glossary. Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance. 2012