Dear All!
I want to kindly ask, I am conducting research on distance-related variables and how they affect the sale price of housing property in three cities. Hence, if the amenity is getting further apart from the property it will less likely determine the price of the sale property and eventual the influence will die out. I found this scholarly paper: Valuing Urban Wetlands: A Property Price Approach on JSTOR
which states that in my variable transformation I should "log" all variables that are distance related ie in my data I have the variable airport which is defined as "shortest distance to an airport in metres" does this mean that any variable that is based on distance has to be "logged"?
Thank you very much for your help everyone! Much appreciated.
Best wishes,
Dorf Smith
I want to kindly ask, I am conducting research on distance-related variables and how they affect the sale price of housing property in three cities. Hence, if the amenity is getting further apart from the property it will less likely determine the price of the sale property and eventual the influence will die out. I found this scholarly paper: Valuing Urban Wetlands: A Property Price Approach on JSTOR
which states that in my variable transformation I should "log" all variables that are distance related ie in my data I have the variable airport which is defined as "shortest distance to an airport in metres" does this mean that any variable that is based on distance has to be "logged"?
Thank you very much for your help everyone! Much appreciated.
Best wishes,
Dorf Smith
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