Big Data: Home values and Chinese restuarants

Hmm, did you ever wonder what factors might influence the value of your house? With big data analysis we can now do some interesting investigations…..

From a Dutch housing site we extracted houses for sale, so that we got a sample of the following form


Then from a restaurant site we extracted a list of Chinese restaurant details in the form:


In SAS Enterprise Miner we combined these two sets to determine for each house

  1. the nearest Chinese restaurant
  2. the distance from a house to its nearest Chinese restaurant


Then we plotted the relation between house value and the distance to its nearest Chinese restaurant.



There appears to be a weak correlation. For every kilometer your home is further away from a Chinese restaurant, your home value increases with 912 Euro and 12 cents !


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